morning, one in the morning that was a flaming hulk. by wednesday morning it was burned out completely. look at it now. 24 hours later, it is almost back in mint condition. we rebuilt it. that is fox's commitment to resilience and coming back strong. it's a wonderful thing to see. watch that relighting at 5:00 p.m. eastern tonight. time's up for me. neil, it is yours. neil: what is amazing, stuart, we sieve in a city and a time, right, you call a contractor to do a job like that, we'll have it done by march. stuart: yeah. neil: 24 hours later! stuart: terrific. neil: incredible, absolutely incredible. stuart: great effort. neil: thank you very much, stuart. we're looking at that and the big relighting if you will a little more than five hours from now but also keeping you abreast of the latest developments on the corner of wall and broad after three heady gains of advances major markets giving back a little ground right now. that might not be something too

stunning. people might want to read in reports in britain omicron cases are soaring. a million of them are told. new restrictions are in place. there are some differences we'll explore this a little more. speaking of viruses, vaccines how to deal with variants and all of that let's go to grady trimble out in chicago as the senate votes to repeal the president's federal vaccine mandate. this will be problematic in cities all across the country as well including chicago. indeed what is going on in new york, the mayor here trying to force this on private companies as well. but what is the latest you have for us, grady? reporter: neil, the senate voted 52-48 to repeal that vaccine mandate for private employers with 100 or more employees. but it is unlikely the democrat-led house takes it up. and even if they do and pass it, the white house has already said that president biden would veto it if it ended up on his desk.

still this marks a bit of a departure for two democrats, senator joe manchin of west virginia, jon tester of montana. both of them joined republicans voting for the vaccine mandate repeal. >> getting vaccinated should be a decision between an individual and his or her doctor. it shouldn't be up to any politician especially in a mandate coming down from that highest authority. our president. reporter: in another sign some democrats are souring to the idea of vaccine mandates, governors gretchen whitmer of michigan, phil murphy of new jersey, kathy hochul of new york, came out against certain mandates citing staffing challenges that mandates could cause. meanwhile you mentioned omicron and we're keeping an eye on it especially in europe. the british government warned cases are doubling every two or

three days and that the variant could result in over a million total infections by the end of this month. prime minister boris johnson is implementing new restrictions to try to stop the spread. once again they're requiring masks for most indoor spaces. also proof of vaccination for some indoor venues like nightclubs and theaters. the uk now joins norway, austria, denmark and several other countries in europe, neil, to add new restrictions in light of this omicron variant. neil: it does fast. we hope it doesn't spread seriously that is the one thing you hold out hope for. grady trimble on all of that. luke lloyd strategic wealth partners investment strategist. luke, what do you make of the rather tepid performance of the markets today? >> yeah. so you think the omicron variant talking about the omicron, it is really just noise to the markets and something the market cared about for maybe a week or ago

but not anymore. 84% of adults received at least one dose of vaccine and 74% of u.s. adults are vaccinated. omicron is 40 times transmissible but we haven't seen a rise in hospitalizations and deaths next. i don't think the drop today is necessarily from omicron but what i do think the markets care about the politics behind omicron or any variant of covid as a matter of fact. policies national and local have a huge impact on the economy. things like mask mandates, vaccine mandates, lockdowns make it difficult for businesses to operate f we go to england over there where they have a million cases if they shut down more that's not good and the biggest concern of the market and the economy is the stagflation environment where we see high inflation and slow economic growth. if joe biden enforces any vaccine mandate or lockdown in the u.s. he will be known as the leader of inflation. neil: not that the investment

firms, not like anything close to be nostradamus goes well into next year. are you in that camp, i mean that camp where it gets to be really, really worrisome, nothing like we were in the '70s, some said in the worst-case scenario we could be, what do you think? >> i absolutely in that camp, neil. i've been pounding my hands on the table for six months now. i'm happy the federal reserve finally admitted that. it is interesting from our research and data if you asked the average american worried about covid or inflation, they would answer inflation because everybody's pocketbooks are becoming lighter, not heavier year it was over the last year-and-a-half. in the same token the market is more worried about the federal reserve combating inflation more than covid as well. it is bullish the fed is finally admitting inflation isn't transitory, hiking rates sooner an tapering sooner. i would have rather have short-term pain to have long term gains. that essentially what the fed is doing by sake taking their foot

off the fed dal. pedal. that is not good for the economy and the stock market. neil: we're told from the conference board next year americans will likely be beneficiaries of some big wage hikes and that will address some of the concern they have about pay forge goods but you and i come to discover when you look at peoples wages the cost of the goods they want to buy lift even more. i'm just wondering how this sort of plays out? >> well you're exactly right, neil, on that. you have to pay 7%, 8% more at the gas pump because of high oil prices, pay more at the grocery store who cares if you have 3 1/2, 4% rise in wages if that is being offset by six, 7% inflation. just look at tomorrow, we're expecting a 6.8% cpi number. that will be the highest in decades. we saw 6.2% last month. who knows, we could see even 7% number print tomorrow. i don't think that is out of the

question. we're already at 4.2% unemployment. so essentially we're at full employment right now. it is really time to focus on inflation and you know, with us putting money these stimulus money that we're printing and the build back better plan, things like that, that will make inflation worse. it doesn't help the average american, especially the middle class. neil: i think you're right about that. luke, thank you. meantime i do want to follow up on something luke was addressing as well, omicron and its future right now. dictating near term direction of the market, better things look as it has over the last few days, this isn't going to be any crisis for the globe. that at least is the early impression, how it looks for stocks. some give-back after three heady days of advances in order. you can count my next guest worried governments can respond to this a bit too aggressively. we have the new york city hospitality alliance executive director. andrew, as you know, mayor

bill de blasio want as covid mandate for private company workers as well, never mind the fact that the administration has been shot down on european covering government contractors. the fact of the matter is that this is a worry for your members, isn't it? >> yeah, absolutely. you know we've had in the city of new york proof of vaccination requirements to dine indoors and for our employees for a couple of months but this is going to be an expansion to all private work places but also going to expand the indoor dining vaccination proof to kids 11 and younger which poses a lot of challenges and more complications. neil: i just wonder then, how do your members adhere to this? because it could be like the gestapo checking in on every restaurant, hotel, public establishment, just making sure everyone is proverbial papers are in order? it seems nuts but it could get out of control. >> well, they have done thousands and thousands of inspections. thankfully the good news is that

they have been focusing on education and training and not just throwing around lots of fines because our city had a history of doing that to small businesses but it is challenging. for some restaurants it is okay. they have actually, maybe, helps their business. people are more comfortable dining indoors but particularly in communities where there is a lower vaccination rate, more hesitancy or opposition to mandates restaurants have lost a lot, a lot of business. there is a lot of concern what it means, what it means moving forward. what has to happen for these mandates to be removed. no one really knows. we're just all hanging here in limbo. neil: i'm curious with the crackdown on those coming in from abroad, i'm still seeing crowded streets in new york city. it is the holiday season after all but is any of that had a direct impact on your members and where they stand on what seems to be otherwise a pretty busy holiday season? >> well, thankfully people are coming in to visit new york city.

the challenge we're hearing now with the new expansion for vaccination for indoor dining for kid five to 11, people come in from around the globe and many of their countries do not allow that age group to be vaccinated. when they arrive in new york city, if they want to see a show, dine indoors, do the other activities they will have be to vaccinated. people are concerned. they are coming here in the holidays. what will they be able to do? neil: andrew, keep us posted on things. i hope you get through this season. i trust you will. you are a resilient lot. andrew rigge, new york city hospitality alliance director. another thing that could keep people away from cities not just covid by crime, is it is an issue. a horrific incident just last night it is still out of control. stay with us. >> unfortunately i don't think i've seen it this bad before. it is getting a little rough and, it needs, something needs

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neil: all right. following developments with crime around this country including what's been going on particularly out west apparently someone forgot to tell would-be

robbers that there is a 2,000-dollar limit of items you can steal or take from a store and avoid getting prosecuted. in some of the latest rampages they have been grabbing goods worth at least 10 of thousands of dollars and in one case in walnut creek, california, upwards of 100 grand worth of goods. kelly o'grady is there with more. kelly. reporter: hey, neil. i'm at broadway plaza in walnut creek. it's a wealthy, quaint community, yet it is the site of one of the most destructive instances of smash-and-grab retail organized crime we've seen in this country this year. 80 looters, roughly 80 looters made off with roughly $100,000 worth of merchandise. they walked out the front door in a brazen manner. if you recognize this, the robberies are happening every where. not just here but major cities and small towns and suburbs

across the country. why are we seeing this is on some people's minds some blame bail reform and prop 47 here in california. lawmakers passed the law that make lowering shoppe lifting less than $950 to a misdemeanor. that leaves those in walnut creek to fend for themselves often. >> sure the justice system follows through to be able to put these people behind bars. really frustrating and also a way for to us just make sure we're staying on top of those, those procedures to make sure that there is accountability. reporter: now do 20 retail ceos sent a letter to congressional leaders imploring them to pass the informed consumers act. that is aiming to make it harder for the thieves to sell the

stolen goods online. i can tell you these retailers here, they're on edge. i talked to a number of shops that wanted to express their frustration but also wanted to remain anonymous because they don't want to invite thieves into their stores. so this is not the holiday season we were hoping for, neil. neil: to put it mildly. kelly o'grady, thank you very, very much. other developments we're following back in washington now. chuck schumer's optimism they can still vote on the build back better package, maybe before christmas t might be a herculean leap. republican new jersey congressman jeff van drew with us right now. before christmas, you talked to your former democratic colleagues. you switched parties here. do they think it is doable before christmas? >> i think it is talk. i think it is political speak. i don't think they can get it done. once the original hard infrastructure bill went through, there are no chip there, nothing to force many more moderate senators particularly manchin and sinema

to do anything. and it is, they're going to do it before christmas, they will have to work awfully hard. from what i hear, if they do it at all, they will change it significantly. they shouldn't do it at all. they don't have the money. it is a bad bill. i can tell you some reasons there is a bad bill. there are things in the bill democrats don't even know what it is. i lining to have fun, walk up to democratic colleagues for the heck of it, i want to know what is tree equity? does that mean name number of trees, same type of trees? this is the silliness and foolishness. there is bad in the bill. when you're hiring over 80,000 irs agents to poke into your life and privacy, we don't care about people breaking through the border and they're actually giving money from hard-working taxpayers. we're going after the hard-working taxpayers who do pay taxes already. we want to get them more. that is wrong. people are tired. they're tired of it. they're tired of the nonsense

and foolishness. neil: meantime, congressman, they're working back and forth, both parties to come up with a debt ceiling solution. that is already endured the wrath of donald trump who says that anything that, that mitch mcconnell is doing to help the democrats is not good. where are you on this? >> where i am i support donald trump. donald trump is a friend of mine. he is a personal friend of mine and i can't even imagine how disturbed and disgusted he is with the majority in congress right now, with this president, i mean we were first in just about everything. neil: but he is mad at those who even supported as you believe you did, sir, the infrastructure bill. that was something that had heady support, but he is angry at anyone who voted for that because it too helped democrats, help the president. >> well at the end of the day i think any president that falls asleep in meetings and falls

asleep at his own press conferences is beyond help. i don't think it helped him at all. we saw the numbers. they actually went down. he is in the 30s now. frankly i would like to see president trump as our president again. neil: his notion he is angry at republicans, sir, i want clear, that he is angry at republicans for helping there, as you could make the argument as you made in the past there is a lot of good in the bipartisan infrastructure push, whether you helped president biden or not, do you want to elaborate on that? >> well, i didn't think it was helping president biden. in fact i think it actually will hurt the build back better and that's why you know, literally the progressives, some of them were tearing up and crying when it went through because they knew they didn't have anymore chips. we're on to a different issue now. that bill is done. it is passed. it is law. but the issue we're on is the people who have made so much of this debt, both sides, but particularly the democrats now

with no regard to spending with no regard for the trillions of dollars that they are continuing to spend on what bills we all agree are bad bills, are going to hurt this country, i agree with the president on that. i spoke with the president about the other issue. i spoke to him before the vote. i spoke to him after them. i'm supporting him for the presidency of the united states of america. i want to go back to the good ol' days. neil: congressman, you're in new jersey and you're probably aware of, you know, chris christie has been doing. apparently in pushing a book, indicating he would run for president again whether donald trump runs or not. what do you think of that? >> certainly, chris is a friend of mine. i had a wonderful relationship with him when we were both in the legislature together. i worked with him a lot on a lot of issues. he did a lot of good, however i want to be clear, my support is for donald trump in the past.

my support is for donald trump now. i will tell you something, there is nobody that will get anywhere in the republican party right now without his support, if he decides not to run, or if he decides to run without supporting him. he is the guy that going to matter in this. neil: why is everyone afraid of him? >> nobody is afraid of him. i'm not afraid of him. i get along with him. i, crossed the aisle, became a republican. i sat with the man for an hour 1/2 the first time when we had a personal talk, i actually found him, if you're straight with him, look him in the eye, you tell him the truth and you know, you actually give him the respect he should have, i find him to be just fine. i haven't had any problems at all. so you would have to ask other people. i think some people on the other side, some people are doing things perhaps they shouldn't do, they're darn afraid. i will tell you who is really afraid are other countries like china, north korea, russia. we're on our knees to these

countries now. donald trump had a great energy portfolio for this country. we didn't have the crime rate we did. we didn't have the supply chain issues that we have. which were strong in our military presence. we need to get stronger by the way with that. he was on the road to doing that. there is no fear exempt on their part and other people just have to sit down and have some state talk with him. neil: all right. we'll see what happens. congressman, thank you very much, good seeing it again. meantime here we're following gas prices as the congressman alluded there, among the economic issues that are bedeviling the administration. now signs they will not get any better anytime soon. ♪. when traders tell us how to make thinkorswim even better,

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♪. >> the average price you're paying here in kansas city is below $2 a gallon, $3 a gallon. down to 2 . $90, 20%, 20 cents down from a month ago. we'll keep at it to make sure the american people are paying their fair share for gas. neil: of course the slide he was alluding to at the time was because of the omicron scare. gas prices are since gone back up to those levels. so really had nothing to do with any administration policy and everything to do with the scare and the fact that, this could sometime any our post-pandemic comeback globally but all that ground has been made up since. dan ebb erhardt canary ceo. where are we going on this? >> first of all that clip you played joe biden taking victory

lap between the first and second in innings of a baseball game. there is a lot to play out. the market overreacted to the omicron variant. opec is supposed to add 100,000 barrels a month. they're struggling to do that. on top of that we have an inflationary environment. i think oil is headed hire. the economy is good. the economy is good and oil is headed higher. the and gasoline prices, biden will have to worry about this much more. neil: dan, help me out with the notion that the president wants to investigate that prices are being rigged. that there is not just a supply and demand issue that these guys are in concert now to essentially -- >> that doesn't make any sense. i think if you look at what the administration does, look, on day one, joe biden canceled the keystone pipeline. he stopped drilling on federal lands. he stopped issuing permits on

drilling on offshore in the gulf of mexico. these policies are pushing oil higher. he has this window-dressing where he calls for opec but not american producers to produce more oil. he wants a commission to investigate whether oil companies are colluding this stuff is gas lighting or window-dressing this is not what is it going on in the economy. his policies are pushing oil higher. oil, gasoline prices are 60% higher than they were a year ago and it is largely because of joe biden's policies. he keeps throwing these kind of tidbits out but he is not really that concerned with energy prices going up for consumers if you look at the policies and progressive agenda he is pushing i think. neil: people lose sight of the fact that oil is traded like a commodity which it is on all the markets. the markets perceive as soon as he came in and he shut down keystone that that was something that would trigger less supply going forward. not that in of itself would single handedly lead to

collapsing pricing but the markets foresaw it was a trend that would and did. so he has got to know, as he says he is a capitalist, this is reality, this is how things are done and priced in the open markets but it worries me when he doesn't, or maybe pretends that he doesn't. i don't want to accuse him of anything here. it is sending a wrong message to americans who might otherwise just sort of buy that hook, line and sing sinker? >> i think he pushes out these headlines or has events, the clip you started the segment with, looks like sew taking a victory lap or like he cares or released 50 million barrels from the strategic petroleum reserve. these are not policy ideas that will push gas prices down. his policies are pushing gas pricing up to me he is running in front of the crowd, wait, let me throw peanuts at this i do care about this issue but the underlying policies he is

putting out, driving oil prices higher and gasoline prices higher at the pump. he doesn't care for the price of energy that consumers are paying. what he is showing he cares more about hurting oil companies in gin and he cares more about pushing a progressive green new deal agenda than pushing lower gas prices that is the policies i'm seeing. neil: no matter where you are it is fine to like green energy, all the other energy alternatives but not at expense of something made us an independent energy country. i think we can have all of these energy solutions but not at the expense of something that had given us, something thought inconceivable a little more than a couple years ago. we'll follow it very closely, dan. thank you very much for sharing that. >> thank you. neil: in the meantime the president also making something else clear, that however this ukrainian issue is resolved and whether those 100,000 russian troops invade that we will have no troops in their regardless.

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achieve their financial goals. visit findyourindependentadvisor.com ♪. >> good things in negotiations if you're going to be tough that you don't take off the table. so i think the president should say that everything is on the table and frankly to the extent that you, that you had democrats on the show right before me being quoted as saying we need to be tougher, i support that and i appreciate that. neil: all right, senator will wr saying anything shouldn't be off the table but unlikely american troops in the region if we put them there would be placed into action. just the possibility they could would be enough to send a message at least right now to the russians that we're serious about not repeating ignoring what he did back in 2014 in crimea. this time it would be an out right invasion of the rest of

ukraine. edward lawrence with us on that because, edward, as you know this president ruled out any troop involvement here. >> right. neil: they're is debate back and forth whether we resort back to just sanctions. what are you hearing? reporter: exactly. that's where we are, the president trying to get a coalition ever folks in europe to stand against russia relatedded to this. this phone call, happen between president biden and president of ukraine, zelensky has started, we assume it should have started three or four minutes ago. generally with these calls he is on time with this we do expect it to happen. however on this call the former secretary for veterans affairs, robert wilkie under the trump administration, he says this call is extremely important. he says one, because the president, first day in office got rid of the keystone pipeline. he gave the green light for the russians to finish theirs in germany. then the president, president biden turned around to ask

russians for more oil. all of this a show of weakness according to wilkie. the president says this call again is very important. listen to this. >> i would say we'll give you the tools to make putin think twice about coming across that border. that would be the first thing. if biden had done those things, if he had sent aid to eastern europe, maybe troops, perhaps troops to help the eastern european border crisis, then he would have been on much firmer ground meeting putin. reporter: the former secretary also served under general mattis in the defense department. with the russian troop buildup the aggression chinese shown towards taiwan recently and iran closer to nuclear weapons the president pushed at the virtual climate summit pushed effort on climate change. >> clean water, safe roads, high speed broadband internet, so much more, all of which

strengthens our democracy creating good-paying union jobs and soon, i hope, i heap to hope to sign into law a bill we call the build back better plan. reporter: former secretary wilkie says that sends the wrong message to the russians. back to you. neil: thank you very much. keith kellogg, former national security advisor to vice president pence. general, good seeing you. i don't know what is coming up with the phone call the president is happening with his ukrainian counterpart but what do you hope to hear from the president? >> neil, thanks for having me. what the president has already done with his talks with putin we have two world leaders, one of them is playing checkers, that's president biden and one of them is playing chess, that is vladmir putin. what putin wants to have, and i think he succeeded because he wants president biden to talk with nato leaders what russian

concerns are when it comes to the sovereignty of ukraine and russia's involve meant in the ukraine and i think what he is looking making sure we have hands off in ukraine. frankly i don't think ukraine is in our vital national interest. it is in the vital interest of europe. we need to make sure ukraine stay as sovereign state but my concern continually has been, neil, we don't focus in as much on russia than china. china is the primary adversary we need to face. we need to address that. i think those discussions we had the other day, on balance, i think putin came out way, way ahead where president biden did. neil: we don't know for sure what came of those discussions but general, you raise an interesting point about china, that maybe they might be playing the u.s. in concert. china says you keep them busy in the ukraine, we'll keep them busy in the south china sea. what do you make of that? >> yeah, i think they are working in concert. i don't think it's a deliberate concert, no treaty or

obligations but they realize they have a common adversary. their common adversary is the united states of america. they're working in concert to destable as much as they con our influence but the rest of the world. we read something the other day china will develop a maritime base on the western part of africa. can you imagine say in five years now you have a chinese fleet and a russian fleet maneuvering together in the atlantic off our east coast? that is entirely possible. and putin is a strategic thinker. he thinks like that. so does xi. so you have two very capable, very shrewd adversaries. by the way they're both ruth lowe's and they are not friends of ours. neil: i'm thinking we talk about additional sanctions of russia, maybe they're doing something finally taking down this pipeline to germany, that that will teach them but of course they're one of the most sanctioned countries on the planet right now. when it comes to china you know, our threats to diplomatically boycott the olympics, china

already indicated it will return the salvo to those countries already said they will do that including the united states, australia, canada, england, new zealand. what do you make of how each country is responding to these threats? >> yeah, really most are looking at their own national interests which by the way every country should look at their national interests. honestly, neil, i have to be very candid with you, i was one of those who saw what happened with the moscow olympics a few years ago. i prefer we keep politics out of sports, especially olympic sports. if you want to make a statement with the olympics, have american men and women win the gold medal, have the national anthem played for the entire world in front of the chinese. that is sending a statement. i prefer we play the game that way, talking about we'll not have diplomatic representation. the chinese don't care. my care is let's show how good america is on the athletic fields of the world. neil: that is what the administration, as you know, general says t was threading the

dead nell -- threading the need dealt there, would show the chinese a thing or two but not have any officials there. do the chinese really care about that? >> i don't think they do. they look at this, brush it off. they look at the long game. they realize this doesn't mean very much. they will continue to apply economic pressure, military pressure. they have got it. they continue to expand. this is just a little bit of an itch. they don't really care about it. sounds good to the american press. to the chinese they don't care not at all. neil: got it. general, if we don't chat again hope you have a merry christmas, my friend, foremost for your incredible service to this country as well. general keith kellogg. we have a lot more coming up, including the overall economic plan the administration is pushing. build back better suddenly isn't looking like it is getting any closer. what to make of that and the pressure on the president and

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speak but for the time-being it is looking pretty dicey. charlie gasparino looking at the implications of that joins us right now. hey, buddy. >> neil, two things are going on right now. it is the regulatory agenda and the economic agenda of the biden administration is in deep peril and you can see the economic agenda in deep peril, build back better. neil: so much of that hinges on this, right? if they think this fails it is all gone, right? >> it is hard to get anything done during 2022. that is an election year, midterms. neil: right. >> particularly if, i say, when the republicans, republicans are likely, i think almost a given they will win the house unless something else happens. that stall as dramatically anything biden wants to do. a good chance they win the senate. then it is over, right? he becomes essentially a lame duck from an economic standpoint but what is really interesting how his regulatory agenda, very progressive regulatory agenda, we should point out, joe biden's economic regulatory agenda was

advertised as moderate. it is nothing moderate. it is pretty progressive on the economic side. all the money they are spending obviously what they want to do with the money. not just infrastructure, but call it humanitarian structure, another euphemism for welfare and the regulatory agenda which is being pushed by very, very far left people and you see saule omarova beinged nixed as -- neil: very nice, beautifully pronounced. that is a tough name. >> as chairman of head of occ, office of comptroller currency, bank regulator, stuff we're covering this show and stuff i'm doing on claman, gigi sohn as commissioner for sec. the fcc we point out is maybe the most it is the most important economic position out there, the fcc regulate the biggest businesses. neil: she will not get through for this, you don't think that will happen, do you think?

>> i think there is a good chance. neil: so they have lost two key races there. their disappointment seeing jerome powell being reappointed federal reserve. they are losing battles. >> she is pulled from the committee vote. won't happen until 2022. reason she doesn't have the votes now. neil: won't get any better. >> i don't think so. if you look at both of those things the joe biden economic and regulatory agenda has run full force into reality, which is this, the country is just not ready for leftism, it is just not and you know, you and i have been, i was critical of trump when i had to be. i'm not a partisan when it comes to this but i'm looking at the stuff they're proposing, down the line, whether critical race theory, social issues, whether massive government spending, whether welfare, handing checks to people, whether acceptance of inflation as a cost of making the a better place, whether far

left people,giegie zone we should point out i like her because she is a feisty tough person but smart. neil: hates fox. she might hate you. >> probably does but, she actually, we had a twitter battle once, surprise. but you know, she actually is sort of unhinged in that, if you read her tweets and stuff -- neil: not being unbiased observer. >> she is not. never going to get totally unbiased, but someone focused on the legal aspect of things as opposed to -- she is a fierce, fierce partisan. so is omarova. i get the feeling saule omarova had no idea what she was walking into. she seems -- neil: progressives are getting nervous. they think time is of the essence, unless they get build back better thing, it will not happen next year and imploding on them. >> i think if they don't get it soon, april, people say april is a magical date, if you can't get anything done by april, it is

over, everybody is running. midterms are upon us. neil: obamacare pushed it to the spring. >> spring or is it may? i think end of april. neil: but i think timing is that they pushedded it in the past. >> but it is right up against the edge. incredibly controversial. in the midterms,. neil: charlie, fair to say you hate everybody. you're fair and balanced criticizing everybody. >> people, i get these emails, neil, that say you get what you deserve. you hated on donald trump so much. neil: you never answer me. >> but know, i try to call it, like i try to call balls and strikes here. neil: i fully agree with that. >> for the record i never personally hated donald trump. i like him personally. i criticize some of his policies. neil: we thinks they see it through the prism of their own view. >> tough being me. neil: someone --

>> i dent get up until noon. stay out all night. neil: we'll talk very light. charlie gasparino, the best of the best in business news. i want to go to luke lloyd, one of the best market watchers, young he is is. >> neil, appreciate that. neil: charlie raised a fascinating point here. it happens, this idea that this thing falls apart, obviously it is not good for the president and democrats for the time-being but i'm wondering how the markets would react to that, the formal realization that build back better is not going to come at all, it is just not happening? >> so i think we see that the market is very knee-jerking right now with reactions like with thanksgiving with the omicron variant, right? so i think the knee-jerk reaction this was not to go through was definitely a negative reaction. we're thinking all this money and stimulus will be pumped into the economy which could inflate asset prices. more money for people to spend, right? long term i think it would be

actually a good thing, especially because again taxes don't have to rise to pay for all the things that we are doing. so i think there is this both sides to that, but i'm a long-term thinker, neil. i would rather have as i mentioned earlier in the show short-term pain for long-term gain in the stock market. i think that would happen. neil: meantime bitcoin could be used as a hedge, that was seen as a hedge for volatile moments for the stock market. it has not been, today it is sort of a weird issue i grant you, you know, we're back under, what, 50,000 at 48,390 bucks a coin, and i'm just wondering what that is saying maybe in general about cryptocurrencies? what do you think? >> yes, i think the ultimate debate out there in crypto is whether or not bitcoin is actually a store of value and a hedge against inflation because we're printing all this money, right? the issue both sides are technically correct. bitcoin is absolutely not a store of value right now.

when something drops 20% in a day. it is not a store of value. in regards to inflation. there is way too much that moves bitcoin outside of inflation if we're it to be considered a direct inflation hedge. that doesn't mean bitcoin can't become a store of value and inflation hedge down the road. bitcoin gets much bigger, many more players get involved it will be a more stable store of value and inflation hedge because volatility will shrink. i think volatility will shrink after regulation as well. neil, i've been a bitcoin bull since $5,000 a coin. i have still think we could see prices half a million dollars a coin decade from now. bitcoin in general is the ultimate risk asset class out there. 70 to 80% drawdowns is very common. i think we could see $30,000 again. neil: not for faint of heart. doesn't mean -- we'll have more.

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♪ bad boys, bad boys, what you gonna do -- ♪ what you gonna do when they come for you? ♪♪ neil: all right. concern that in washington despite the fact that more than a dozen cities are seeing record crime spikes and all led by democrats, by the way, not to politicize it, but just to illustrate the pressure that would be on a democratic house to deal with this and a democratic senate, i might point out, for the time being and that they're not dealing with that. in build back better, there's not a whole lot of money for

security. aishah hasnie is following these developments on capitol hill. >> reporter: yeah, they really want to talk about the build back better plan, their social spending plan, but as you mentioned, there really isn't any direct solution to increasing security for any of these cities that are suffering these waves of crime. as you mentioned, 12 major cities are now reporting annual homicide records, and large metros like chicago and l.a. are seeing a rash of organize retail theft. so aoc took a lot of heat this week for essential he doubting that this was -- essentially doubting that this was happening, but other democrats we have spoken to sure think it's happening. >> to invest in more and better law enforcement. we need to make sure that the vacancies in police portions are filled -- forces are filled and people who take these jobs are the very best of the best. and i think the president understands it as i do. >> reporter: neil, we keep hearing that from democrats,

that the president, the white house is going to deal with this. well, this week the white house said it was sending additional support from the fbi, but at least one law enforcement group -- the national sheriffs association -- immediately disputed that. they're saying that california officers have not yet seen any federal help. now, yesterday the doj. announcer:red it is awarding grant money for a safe neighborhoods program. meanwhile, this whole thing has turned into a big campaign issue for the gop as they set their sights on the midterms. >> democrat attorneys, democrat prosecutors and all the way to white house basically say to criminals, no, do what you want. boy, it was a big mistake. >> reporter: and by the way, neil, we still have not seen any if sort of agreement on a new biden budget. we are still operating under the trump budget, and the white house says there's going to be a lot more funding for police in that new budget whenever it gets passed.

we'll see. neil: yeah, that could be a ways off. thank you very much, aisha aishh hasnie, on capitol hill with all of that. new york one of the worst for crime spikes, but there are other developments in the big apple they're watching, and this one got pretty much left out and moved, forgotten, just unreported by the press in general. a lot of people didn't even know about it, that the city is on the verge right now of recognizing noncitizens and giving them the right to vote. there are better than 800,000 individuals who could be affected by all of this. alexis mcadams has more from new york city. alexis. >> reporter: hi, neil, that's right. we actually just saw some people gathering outside of city hall as they wait to see what's going to unfold in this council session. the bill is expected to pass later this afternoon and head to mayor de blasio's desk though there is a possible legal battle brewing. it's called the our city, our vote bill allowing anyone who's been a lawful permanent resident

of the city or who is authorized to work in the united states to vote in local and city elections. but those people would not is -- not have the right to vote for president or state races. sporters gathering outside of -- supporters gathering outside of city hall, optimistic as right now there's not much standing in the way of that bill turning into law. >> more new yorkers should have a say in our representatives in the city, what they are doing, what they need to do. >> reporter: but some are calling this bill unconstitutional saying it devalues citizenship. listen. >> the right to vote is a fundamental pillar of american democracy. and it's expressly reserved for citizens of the united states of america. it's against federal law for noncitizens to vote. >> reporter: right now there are a handful of jurisdictions

in the united states that do now noncitizens to vote including maryland, and california, but new york city would be the largest if this proposal does go through. opponents are preparing for a big legal battle here, rather. even new york mayor bill de blasio said, he's been questioning if this can even survive past his desk. >> i think there are still some outstanding legal questions about the city's authority versus the statement's in this matter. but -- statement's in this matter. but i respect the city council. >> reporter: now, if this does pass, which it is expected to this afternoon, noncitizens would not be able to vote in those local elections until 2023. neil? neil: thank you very much, alexis. i want to go to bob cusack on all of this because maybe he can connect all these dots and where politically they could be doing. bob is, of course, "the hill" editor-in-chief. you know, bob, things come in twos and threes, but between the democratic party's right now to offer, you know, illegals or those here illegally to go ahead

and vote in municipal elections, and then you combine it with their stance on crime -- that is, to not aggressively respond to these spikes that have become, you know, something you can see on every newscast almost every night, i'm just wondering whether this drip, drip of sort of bad or seemingly disconnects are coming back to bite them. what do you think? >> well, neil, if you look at the polling, it's not very good for democrats right now, and these type of proposals certainly are favorable to many on the left. but i, you know, i know people who come to this country legally, and they also -- they're not for this. it's not like hispanics are monolithic. they went through the process, they want other people to go through the long, arduous process of citizenship and then get your right to vote. that's where i think a lot of people think the democratic party may have overstepped because, remember, they lost are

house seats in 2020. they did win the senate, barely, and biden did win the presidency, barely. and you're seeing these proposals that, you know, a lot in the middle are saying, wait a minute. like joe manchin, we can't go too fast on this stuff. neil: they might be just trying to get whatever they can get now, but there is the risk of doing residual damage to the party down the road, and i'm just wondering if they've considered that. >> i think you're right, neil. a lot of democrats, you're seeing a lot of house democrats retire because they know that history's not on their side if they're in tough seats, and they're getting the policy now. it's kind of like with the affordable care act, they knew they had to pass obamacare. it certainly wasn't popular at the time. they ended up losing the house, but they figured it's better to get something policy wise. and with build back better plus the infrastructure bill, okay, this is not a $6-10 trillion, but you add it up, it's $4 trillion. that's a lot of money.

could it hurt them in the long term? absolutely. neil: to hear the republicans, build back better is a mess, it's going to lead to inflation, it's going to make bad things even worse. to hear the democrats tell it, that could be their hail mary pass. they've been buoyed by some of these polls, even this "wall street journal" one that looks abysmal for the president, because there's a section in that that includes, you know, voters, undecided voters who like the overall, you know, reconstruction package, the infrastructure package and like what the president wants to do with build back better. and they're convinced that will sway independents and those who haven't made up their mind. so someone's very, very wrong here, but what do you make of that? >> i -- this bill, and it is going to pass at some point, not sure if it's going to pass before christmas or new year's, but it's going to pass -- neil: really? you think it still will? >> i think it stillly.

some version. it will be changed. it could go into early next year, but they'll get something passed because they have to. the independents are key because their numbers for the president are not good. right track, wrong track, it's terrible for the democrats. and you're right, the polls do indicate some of these policies are popular. but the problem here, neil, is that joe biden has not gotten a bump from the infrastructure bill. it was a bipartisan bill. he campaigned on being bipartisan. what happened? his numbers basically are still the same. so is it going to affect their numbers next year, well, they better hope so because they're numbers are really bad right now. neil: you know, bob, we say this so often, these snapshots are just that, one snap, the image is shot. things can change. you know, not many people fought back in early 1983 -- thought that ronald reagan could even be reelected given the economic mess that was enduring. he stuck to his principles, didn't change anything. we know what happened, things

turned around. similarly, polls said that hillary clinton couldn't be beaten until she was, that donald trump no way in heck could be elected until he was. so we're reminded time and again that sometimes the feeling and the moment doesn't pan out. but to your point, the moment now doesn't look good for joe biden or democrats in general. but even there when a party, a midterm takes a drubbing doesn't mean it extends two years later. so what do you make of where we stand now? >> not necessarily. i mean, you look at bill clinton, he lost the house and senate, got reelected. barack obama lost the house in his first midterm, was reelected. you know, george w. certainly was a two-term president and he ended up losing the house and senate in his second term. but, yeah. then republicans, if they do well -- and i think they're likely to take the house, maybe the senate too -- they can't get cocky, and they -- and some people think they should have an

agenda. mitch mcconnell has indicated they're not going to have an agenda to run on. maybe it's best you have some type of agenda of what you would do. i think that's always a good idea. republicans can't get too cocky because, as you say, neil, things can change dramatically. biden's numbers in the summer were fantastic. neil: yeah, you're right. >> they've plummeted since. neil: it can be very fickle. bob, thank you very much. bob cusack, "the hill" editor-in-chief. you notice that stocks have turned around, certainly the dow. a lot of questions about omicron, exactly where we are going on that, but stopping the pause for a moment and remembering a giant, bob dole, former presidential candidate, the republican leader in the united states senate and a man it's said of the politics that bedevils us that we are better than this. after this.

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we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income...are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217 neil: -- later the republican leader. did you ever envision such a toxic environment now where the two sides, any sign of middle ground, the other side pilaries them, and nothing gets done. it's a poisoned well environment, and it has been for a while now.

many argue permanently. what do you make of it? >> well, you know, it's easy to be critical, and i've been gone for 12 years, so it's even easier to be critical. i'm not there, i don't see what happens every day. i do think the one thing that kind of bothers me, it's gotten so personal where you have these attacks on one senator on another or statements made off the senate floor where you can't make a response or make a reply. i mean, we had plenty of differences when i was in the senate and chairman of the senate finance committee and the republican leader, but we always tried to keep it civil where i could go peek to senator mitchell or senator daschle even though we totally disagreed on the issue on the senate floor. and, you know, i think we can do better, put it that way. neil: bob dole, a number of times saying, you know, these frictions and everything else that we see today, it certainly

goes back a lot of years. but with we've got to get through it. lying in state today in the u.s. capitol, one of only 39 americans so honored. and chad pergram on capitol hill with more. chad. >> reporter: good afternoon, neil. well, the capitol rotunda is the most hallowed cathedral in the american political experience. robert j. dole is now lying in state there, just the 33rd eminent american so honored. a military honor guard hoisted dole's casket up the 34 steps on the east front of the capitol for the nation to pay its respects. >> robert joseph dole, he belongs here, in this place, in this temple of liberty, to liberty and temple to possibilities. >> reporter: dole befriended late hawaii senator daniel inouye as theyly covered from -- recovered from injuries after the second world war. dole rose from his wheelchair

and walked the casket the pay respects to inouye when he laid in state in 2012. >> as bob approaches the pearly gates, let us take comfort he can reunite with his old friend once again. >> reporter: although a somber day, his former colleagues recalled dole's sardonic humor. >> bob described his senate management challenges with his trademark wit. if i'd known, he said, we were going to win control of the senate, we'd have run better candidates. i swear, bob could have made it as a stand-up comic. >> reporter: dole held many titles; congressman, senator, minority leader, majority leader, presidential nominee, but dole was defined by his sacrifice to the nation during world war ii. dole said his favorite title was veteran. neil? neil: just a remarkable life.

thank you, chad, very, very much. a guy who knows that life and man very, very well, michael glassner, top aide and personal friend of the senators, will be among his pallbearers tomorrow. michael, thank you very much for joining us. >> thank you, neil. it's an honor to be on. neil it's an honor just to have you here because the many times we chatted, i was fortunate to chat with him over the decades, he had a great sense of humor. you cannot minimize the war thing, but i think that helped him a long way to cut through some of the tensions and even extremes we would even see today. that's what i remember. >> you know, that's really one of the great, defining features of bob dole. you know, it really made the daily grind of presidential campaigns and legislating, you know, just the day-to-day work that it takes to be a world and national leader like bob dole was, to make it through the day.

so any situation there was a lot of pressure, stress. he would immediately deflate and bring down the temperature with his wit. it was really, really outstanding. you know, it didn't really show a lot in his campaigns and in his public perception, but it really was probably the defining feature of his life along with his, of course, integrity, his loyalty to others and his courage, particularly after world war ii when he suffered those greaves injuries you -- grievous injuries you described earlier. neil: as a close friend and someone who worked with him for so long, he was witness to so many changes in american history, and despite becoming this iconic leader, he never got the big prize, the presidency, but he didn't have any of the bitterness you would see in people who stew over a loss. what did you make of that? >> well, you know, i think it's, you know, his -- the trials he

went through early in life, he spent 39 months in the hospital following his injuries in world war ii. his on the and his -- his town and his state really rally behind him and gave him not only money, but moral support. there was a there from chicago who performed seven surgeries on him for no charge. so i think that, you know, his -- the difficulties he and his family went through early in his life gave him that drive to always look forward to the next thing. he never dwelt in the past. he always was an optimist. and, you know, he didn't let defeat either electorally, legislatively or otherwise affect him more than that at moment. he always moved on and was ready for the next challenge. you could see that even in his post-congressional life, quote-unquote, as a retiree he worked tirelessly particularly on behalf of veterans and those who are still living from the world war ii era. neil: no, you're absolutely right, we would not have that world war ii memorial had it not been for bob dole, i'm convinced

of that. he did the heavy lifting. i am curious what you made of how he worked within the senate. he had a kind of a ronald reagan approach with working99 with the democrats. -- working with the democrats. you can win, but don't rub the other side's face in it. give them something. that's what ronald reagan would say, and when it came to working with tom daschle and other democrats, you know, don't overdo it. that's a gone philosophy today. that's just -- it doesn't exist. >> yeah, sadly, you're right, neil. that's really a thing of the past era. really bob dole personified the leader as a deal maker, many significant pieces of legislation that he and other, and democrats got through the congress and through the senate just based on his ability to give up a little bit so that both sides could declare victory. and you're right, it's just this mindset that doesn't exist anymore in the senate. it's very sad. but, you know, it's the way it is now. the other thing that's remarkable about this is that on

the campaign trail in the political context he was a very partisan warrior, right? he was a strong republican, he was very conservative particularly during the reagan era, but he did -- but when he walked into that senate chamber, you know, he understood that he and his fellow senators a had to get things done for their country, and so he left his partisanship behind in large part. neil: yeah. rather like half a loaf than no loaf at all. you can stand for things, but you don't necessarily abandon everything if you don't get all the things you want. there's a concept. michael, thank you so much, my friend. i appreciate it. >> thank you, neil. honored to be with you today. neil: same here. before we go, just my own little personal reflection as if it matters, one of the first interviews i was able to do at fox news, i was very excited that it would be bob dole. and so we were practicing getting ready, and he immediately says to me, i'm looking forward to appearing with you on cnbc where i'd been before. i had to reminded him, senator, i'm at a fox news now. he stopped for a moment and said, well, they're both cable,

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♪ neil: all right, we might not have any debt ceiling problem to worry about right now, the senate cleared by a healthy margin a procedural vote to end debate on a house framework to essentially get to a debt ceiling vote. so this is the step before an actual vote, and it passed 64-36, so it looks like if my reading is correct, 13 or 14 republicans? 14 republicans voting for that. any vote that mitch mcconnell would get on the republican side would be ridiculous because it would only help joe biden, so said president trump, but apparently they got 13 republicans to come onboard and end the debate over the debt ceiling whether we're going to

go into potential insolvency. one step closer to resolving that issue, many, many others to address. in the meantime, to hillary vaughn on capitol hill taking a look at the president and looking right now at the jobs situation, his own personal measures to try to turn things around and polling numbers that are not looking good. hillary. >> hey, neil: well, president biden's infrastructure coordinator, former new orleans mayor mitch landrieu, the one in charge of putting this $1.2 trillion to work that passed in the infrastructure bill. that means shovels on the ground and boots on the job. but in an interview yesterday when landrieu kicked off the biden administration's priorities, he listed climate and equity first and blue collar jobs last. >> he also said, look, we're going to build a better america, and the better part is really important because he said we're not just going to do it like we did. we need to think about climate, equity's critically important,

third, blue collar jobs. so he wants labor involved in a big way with work force training. >> reporter: but some senate republicans that voted for that bipartisan bill tell me those priorities are out of order. are those priorities right to you? >> they're upside down, to me. because at the end of the day, infrastructure is something that has to be built. and putting people to work seems like a really good priority at a time like this. it's amazing what a good job and a good economy will do for equity, what it will do for inflation, what it'll do for our families. >> reporter: but while creating jobs is a good thing, selling those jobs is proving hard for the biden administration. the construction industry alone that would be building these roads and bridges is already about 400,000 workers short today. they're expected to be 1 million more short over the next two years. the see wrote of jobs for the future says -- the ceo of jobs for the future says the

infrastructure bill exaggerates it: fewer workers are prepared to transition to the type of employment opportunities the bill will create, a massive talent gap, one that will necessitate the importation of workers from other countries to support our infrastructure ambitions. so, neil, there's record high numbers of jobs that are open right now. there's a lot of workers that need those jobs making sure the worker's skills fit the need of the job is proving to be pretty tough. neil? neil: thank you very much, hillary vaughn, following those developments. we live in times where companies are planning and already granting huge pay increases for workers. the problem is that with every hike in pay comes an a even steeper hike right now in the price of goods you buy. we'll probably get con fir of that as soon as tomorrow -- confirmation of that as soon as tomorrow, the inflation report expected to be running at a

6.5-8% lift. madison alworth is in new york. >> reporter: hey, neil. this store right here, the thrifty hog, they've seen three times the sales from 2019 in this year, that's how many people are turning to stores like this one to buy their holiday gifts and buy all-around items. because of that inflation and supply chain shortages. and so this store's been open since 2010. you've been doing this for a while. why are sales up so much this year in. >> well, i think that people have decided to value value, and, you know, with the economy doing what it did for covid, we just see people that have decided their just going to buy better, buy less, they're going to support anything that's recyclable, that's reused for the environment, and they're supporting a charity which is just everybody wins when that happens. so, yeah. >> reporter: so that is an important thing. there are many thrift stores, this is one of them with that

model. the net proceeds go to hearts of gold which is an organization that helps women and children coming out of shelters. we talked a little bit also about covid, right, the prices and everything. people are also at home and maybe looking through their closets. do you think that had an impact on how much inventory you were getting, because of the stay from home in. >> we got more inventory that we knowed what to do with, literally. people were bringing over carloads. i think there's a lot of rethinking that went on during covid, and they're i don't need this much. i have all this, let me get rid of it. people were moving, cleaning out, and we benefited from amazing donations. so everything here is just, like, brand new chanel. you can find a $5 thing. we've gotten so many amazing donations because people want to clean out, feel a little bit lighter and just reuse. they're donating. >> reporter: that's amazing. getting rid of all that stuff and shopping smarter with the

better price. and there's something you can get at these thrift stores, i've been making a challenge, neil, every live shot i've done today is to a new outfit to the thrifty hog. there's just tons of stuff, everything from women's clothes you should expect under the christmas tree, your going to be seeing -- you're going to be seeing secondhand gifts. neil: very nice. people are valuing value, that mix perfect sense. to john catsimatidis on all of this, whether he sees that going on in his vast empire that includes united company, high-end grocery stores and they're always packed. john, good to see you. this value push that madison was just reporting on, the fear was that high-end grocery stores like your own were going to suffer in this environment. that has not happened yet, but what do you see going on now? >> well, grocery stores, we're

there to service the public 365 days a year where, and our people have been working hard and doing so. and so far we are getting all the needs that we require. usually our out of stocks are 6%, but ever since the last 60 days, 90 days they ran as high as 25%, but now we're only running out of stock about 16%. so things are getting better. so we're making sure that our customers have enough of everything they need. they might not get the exact brand that they want -- neil: right. >> -- but we have 99% of their needs, and that's what we're there for. we are, you know, gristedes has been there for over a hundred years, and we service the customer, and that's what we do. neil: what's the one thing that is in hot demand right mow in your stores and it's hard to

get? >> well, it is certain varieties. in other words, if you're look ing for thomas' english muffins, there were 10 varieties of it, now we might only have 3 or 4 because they themselves have cut it down because they can't produce 10 varieties of it. so the varieties are down. so what they can get done with the amount of labor they have and the amount of people they have. neil: i'm just surprised that thomas' has ten different types of muffins. just stick with the original, they're delicious. that's just is me. how do you see this inflation thing going? a lot of people are saying it's going to linger a while s and so far people are paying those higher prices. but i always wonder for how long. what do you think? >> i think it's here to stay for a while. i don't see the price of gasoline going down, i don't see the price of crude oil going

down. i think you blink your eyes and see $85, 80 crude oil in the tush future. we'll see how the economy goes in the first and second quarter, and we'll know -- trying to predict long term, people relying to you. we go quarter by quarter and month by month. things change. i think our country or companies are going to have a dynamite fourth quarter which will reflect in the reporting in january in the stock market. and i think we're on the positive go. i think the -- paul is going to look -- powell is going to look to increase interest rates a little bit more than people would like, but, you know, if you don't think that's going to happen, then you're living -- walking between the tulips or in between the tulips --

[laughter] and powell will raise interest rates, and there's rumors it might be as much as half a point initially. neil: wow. we'll watch very close wily. you've been uncannily prescient through the years, so we'll see what happens. if we don't talk again, my friend, have a merry christmas. >> merry christmas. of thank you. neil: red apple group chairman, gristedes, d'agostinos, he's got the midas touch. it's a good touch to have. investing in the dow 30, up about 84.5 points. stay with us, you're watching fox business. ♪ ♪ (naj) at fisher investments, our clients know we have their backs. (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.

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neil: all right. here's how bad this health care worker shortage is getting whether because of mandates or whatever, all sorts of factors going in in. in some locales, particularly in

new york, they're calling in the national guard to help out. with us now is the mohawk valley health system's president and ceo. darlene, very good to have you with us. what's going on here right now? >> so we are having an unprecedented demand in volume at the same time we have the highest vacancy rate we've ever had. so we have a 20% overall vacancy rate, and the demand for beds here is at a regular or higher than normal volume. neil: so how are you handling it right now in. [laughter] >> well, with as much of a sense of humor as we possibly can. but we're really working on two fronts. one is to get additional staff in here in any way we can, and the second is to try to decant the hospital and get people out of here into other settings. neil: so is it a lot of it

having to do with health care mandates? it depends on the area, i grant you that, but that a lot of health care workers were forced out of their jobs or quit in the face of it? what are you seeing in your area in. >> our nursing shortage in particular started before covid started. we went into covid, 2019 was the nursing shortage, and then it continued to increase. we had record retirements, we had people leaving the industry. we now have an enormous amount of e competition for nurses who want to be travelers, and and we have a lot of e competition for the entry-level staff. so there's not just one, there's a whole lot of reasons. but the mandate certainly did have an impact. in the haas couple of months -- last couple of months, we lost about 5% of our work force because of the vaccine mandates. neil: wow. keep us posted, darlene, on all of this, mohawk valley health system president and ceo. hopefully things do stabilize.

in washington, getting word they're closer to resolving this debt ceiling impasse with a lot of republican help. that was not supposed to be the case. the read on all of this and what's next with kevin brady, texas congressman, house ways and means committee, the architect of the tax cuts that now-president wants to unravel. he's next. ♪ looking out my back door ♪♪

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♪ neil: all right, we're getting some rapid-fire news on omicron treatments that are out there and not just for omicron, but the fda has gone ahead and authorized pfizer's covid-19 vaccine boosters if or folks as young as 16, 17-year-olds and all the way up, beyond the 16 and 17-year-olds that have already been approved. separately, the fda has authorized astrazeneca's drug to prevent covid from -- to address some of these elevated levels, these mutations that are found often times in omicron. so, again, something that isn't

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♪ neil: all right, we're just getting word right now that the total u.s. households' net worth rose about $2.4 trillion to about $144 trillion in the third quarter, this is coming from the federal reserve following what they call the flow of funds. it gets sort of gobbledygookish here, but a lot of it was buoyed by the stock market and a runup in assets in this country, something my next guest is very familiar with. congressman kevin brady, the reins behind the big tax cuts, that you could argue really helped spear that big household

net worth formation. congressman, great to have you. we're talking about americans' sense of personal wealth, and a lot of it comes back to the markets and the tax cuts, to a lot of things. you can play politics with this, the fact of the matter is, you know, you had a key role in building that up, and now you have the biden administration trying to rip up a good part of it. what do you make of its chances particularly in build back better to dial some of that back in --? >> yeah, so i worry -- neil, good to see you, by the way. there should be worry about this. the tax cuts and jobs act, we saw in 2019 sort of the full impact, what would it do in our economy. what we saw that year was household income for families grew more in one year than in all eight years of the obama/biden administration. big surge that way. we lifted millions of people out of poverty because there were good jobs and rising paychecks.

and for the first time in a half century, we saw income inequalingty begin to shrink. and there was a chance president trump would have ended his first term having achieved a reduction income inequality. leveling the taxes on job creatorses, creating incentives in build back better for people to exit the work force through child tax credits and then really sort of punishing investment here in in in the thh some of those -- in the u.s. through some of those international channels, i think you they're going to reverse key elements of progress that we made in tax reform. neil: you know, i look at it through the prism often times, congress mark, through -- congressman, through the markets. if the markets are worried about any of the things you mentioned, they're not showing it. maybe that's because they don't think certainly build back better is going to happen. you're there, and i'm just cure

yous -- curious, when you talk to your democratic colleagues, do they have the support for this, and do they see this happening in the senate? >> yeah. so i think every -- good question. we're not inside those rooms. i think there's a sense that every day this goes on, it is in more jeopardy. i think they still feel right now that even early in january this could be accomplished in the senate. i think there's worry if it drags into february or longer, less so. and, you know, there is also, too, i think in the senate what i've noticed is a lot of these tax revisions are unevented, you know, and unproven -- unvetted. i think senate democrats are starting to get an earful about how things like this work, how hamhanded it is. it actually discourages investment in the u.s. in new equipment including renewable technologies. so i think you're start -- what i'm hearing is senate democrats

are learning a lot more about the damaging impacts of these taxes. so we may see, you know, we may see them start to understand this is the wrong policy at the wrong time. neil: personal arely, congressman, you might be missing a chance to once again chair a committee, to be a power broker -- as you already are even in the minority -- by opting out of running for re-election. would you ever change your mind? >> you know, thank you for asking but, no. look, i do love my job is, neil. i love who i work with. i'm really optimistic about where our country can go. but it is time for me, i've loved this and also -- neil: you've been telling me this for 25 years at fox, neil, hang it up, and i refuse to. [laughter] >> well, good for you. neil: where are you on this? have you just had it with the whole -- >> no, no, no. look -- no, no, not so --

neil: i'm not trying to put words in your mouth. >> and the other thing too, as you know, in the house we have term limits on our chairmen, our committee leadership, and i've run up into mine. and so -- and i think overall this is a good thing. i think it brings fresh blood. and here's the good news, i think great news, we have a really deep bench of talented people -- neil: i don't know, people tell me that in my business. it's overwrought and overused, congressman, but where -- what do you do after this? where do you go? >> i don't know yet. i want to get this tax fight behind me, but i'm excited about the new venture whatever it is. neil: i have no doubt you'll have great success at it. congressman kevin brady, house ways and means chairman who made it all possible. i said this, and he gets tired of hearing it, but those tax cuts simply would not have happened without him. >> thank you. neil: he laid the groundwork and

kept pushing it and pushing it, and now he's leaving. you're going to tell us the real skinny one of these days, sir. >> appreciate it. neil: we'll see. i want to leave you right now with the dow jones industrials up about 85 points. calming fears about omicron, different treatments, different approvals, antibodies and otherwise, it seems to minimize the impact of all of this which is net-net good for the world and stocks. here's charles. charles: hey, neil. maybe congressman brady knows if there's an opening, trump's back. [laughter] good afternoon, everyone. i'm charles payne, this is "making money. uneasiness right before the first run of a championship boxing match. two economic data releases tomorrow morning and they could decide the fate or how fast the fed removes the punch