i will say 10. i think that it is 10. let's have a look. oh, it's 11, okay. lauren: so who wins? stuart: are we doing price is right rules? closest without going over? ladies and gentlemen it's a tie. that was a very good friday feedback, thanks lauren, susan, ashley, times up for me, neil it's yours. neil: 11 time zones? stuart: yeah, how about that? neil: well it's closer to the top of the earth, right? stuart: no, no, it's wide. the wider the more time zones. neil: i really wasn't interested , >> [laughter] neil: i was just making conversation, thank you, stuart varney a wonderful weekend, my friend. we are following up the time zone thing but the selling thing the dow down about 500 points but what really got my attention is what's been going on in the bond market. i want you to take a gander at the 10 year note. look at that.

1.38%. you know the drill, price goes up, the yield goes down, if we're tightening interest rates, if we're going to see all of a sudden inflation get to be a big problem, and they try to deal with that problem, you would think, you would think that yields might be backing up, or you could flip it around saying well the federal reserve is on top of this now, which promises to be and maybe yields will come down, or , or , or , you could be looking at this and saying maybe these guys who bet with their money, they're betting that we get a slow down and that is what is unnerving them and the latest catalyst is not only over inflation of course but what's going on with omicron spreading right now, you've heard the drill about how it spread 70 times faster than any variant before and the fact that it is spreading far and wide, where cases are doubling essentially every other day in britain, and then all of these lockdown restriction provisions that are popping up all across

the globe, so many companies, investment firms and the like, revisiting letting their workers stay home or at least not as many coming into work, add it all up and it's compounding fears for markets that are now thinking, possibly, this could slow the whole global economy down. jonathan serri following all of these developments keep in mind we've got the chief medical officer over at moderna to crunch the numbers for us and what he sees happening but ahead of that, to jonathan with the latest from atlanta. hey, jonathan. >> hi there, neil. well the cdc is now recommending that people receive mrna vaccines that includes the pfizer and moderna vaccines over the johnson & johnson single dose vaccine. the decision follows a recommendation by a panel of independent vaccine experts known as asip hads which discussed ongoing concerns about blood clots affecting small but above-baseline numbers of j & j vaccine recipients. in a statement the cdc explained

asip's unanimous recommendation followed a robust discussion of the latest evidence on vaccine effectiveness. vaccine safety, and rare adverse events and consideration of the u.s. vaccine supply. while existing vaccines show effectiveness against omicron, recent studies show booster shots are able to prevent most cases of symptomatic covid and more importantly, keep people out of the hospital. while federal health officials strongly recommend boosters for everyone 16 and older, the cdc has yet to update its definition of fully vaccinated to include the extra doses. dr. fauci says it's a matter of semantics. >> whether or not the cdc is going to change that, it certainly is on the table and open for discussion, i'm not sure exactly when that will happen, but i think people should not lose sight of the message that there's no doubt that if you want to be optimally protected you should get your booster.

>> new research out of the university of hong kong shows the omicron variant spreads rapidly through human air passages but slows down considerably once it reaches the lungs, and neil, researchers believe that may explain at least in part why the omicron variant appears to be so transmissible and yet we're not seeing a lot of severe disease just yet. in fact, many omicron cases are asymptomatic, neil back to you. neil: that's amazing jonathan thank you so much for that giving us an update where we stand on that. now to guess we could call the man of the hour, i'm talking about the chief medical officer at moderna, dr. paul burton with us now. doctor very good to have you. >> good afternoon, neil, thanks for having me. neil: how bad do you think this is, doctor? >> so neil, look. we know more today than we did on thanksgiving day, but i think it's a severe theory variant, as

we just heard, you know, when this started, there were maybe 200-250 cases a day in south africa. there's probably 25,000 cases a day, 88,000 cases in the uk yesterday, so it clearly transmits very quickly. delta typically does not re infect people who have had delta, whereas omicron has no respect for that. it can reinfect people regardless of what they received and i think it's true that in terms of death, the death rates are lower that we're seeing right now but look at the data from denmark, hospitalization with delta about .7%, it's early days still but about .8% with omicron, so i think this is a significant variant. neil: you know, you had said, doctor, that in looking at omicron and where it's going, that it is obviously a seriously transmissible disease. it's not serious in that if you have it, you know, you're going to die from it or certainly be

in great peril, but it is very very contagious and worldwide, we see that playing out. where do you see this going? >> i think, neil, the real issue is omicron is its transmissibility. about 14% of the people hospitalized in south africa today are either on icu or high care unit so it does have the ability to hospitalize people for sure, and as it comes to the northern hemisphere where we have different demographics, people with co-morbidities as they get infected perhaps on a background, let's not forget that delta is still very very present in the u.s. and around europe, as those people get infected in very large numbers, it's going to simply strain an already-burdened healthcare system, so i think that's the issue and that's what we have to protect against with simple measures and with vaccination and boosting as well neil: all right, so whatever is out there, is the existing

treatment out there. i know duke and the nih have looked into a study that shows booster shots are highly effective at dealing with this , including moderna's but i'm just wondering, is there anything omicron only related or target ed only for this that be beneficial or is down the pike anytime soon? >> so neil, today, i think the best thing we can do in the simple measures hand washing , mask wearing, distancing, get vaccinated and boosterred, get educated and make it your vaccine.com, people can learn and get educated it's powerful. down the road we at moderna are working on an omicron-specific booster and we announced that at thanksgiving. we continue to do that. we're a leader in the field of m rna and vaccine therapeutics and it's our responsibility to do this. we don't know where omicron is going. we take responsibility seriously and we're working on that vaccine. neil: so what does that mean, doctor, when we see these

studies that say a booster shot, yours included, be 50 times more effective at dealing with omicron, does that mean that the third shot, or a fourth shot is in order? what are we looking at here? >> i think that it is confusing , neil. i think what the data broadly tell us today is that after two shots, compared to your two initial vaccinations, if you get a booster, you can ramp up the levels of antibody by maybe 50-fold which is great. get into a zone that's likely protective and will get people through the holiday season and through the winter months. as we then go into next year, we'll have to see what the data show around the world, from all sorts of different centers, academic and independent centers , do we need a fourth booster, then, when will we need it, how will we want to use an omicron-specific booster. i think those are questions, neil, that we just don't have the answers to yet but will be

critical. neil: do you think some of the measures that are being taken worldwide, doctor, including france now putting a lid on visitors from britain, because of the spike in omicron cases there, or a lot of businesses in the united states keeping remote work going for at least the next couple of months in the case of apple and indefinite extension of such policies today we learned, doctor, that radio city christmas show going on, four shows are canceled today because one or several of the cast members had omicron. i'm just wondering if this and these type of reactions are actually making people more anxious. >> well, look. i think they probably are. i think the data are making people anxious. you mentioned it earlier, you know, it's doubling at maybe every two to three days compared to seven to 14 days.

transmission is very high. i think what everybody has to do , what governments are trying to do, states, governments are trying to do is to protect their healthcare systems. they are trying to keep beds open throughout winter, people will get sick from many other things and we need to protect everybody so the measures that are being taken i think are very important. we can do those simple things, but this is not a time now to let our guard down. neil: you know, there are a lot of people who you would think, doctor, hearing of this latest news of omicron be more to get vaccinated if they haven't been vaccinated, but we're hear ing good man it of things, this is proof that i shouldn't get vaccinated because even for those who do and are, they have breakthrough cases, and i'm just wondering how you answer that. >> so neil, i would say this. look, tomorrow actually is the one year anniversary of the authorization of the moderna vaccine and to data round-the-world, we have given

380 million doses of that vaccine. it's highly effective. it's safe, and will protect people. the vaccines as a whole have prevented a million deaths and 10 million hospitalizations, and they've been highly effective throughout delta. they've kept people safe and they saved lives. we're in the situation now where we have this new wrench in the system which is omicron, but if you get boosted, the good news is, you'll get antibodies that will be impactful against it, you will get protection throughout the holiday and the winter months and then we'll move into 2022 and we can re group and think about the omicron specific vaccine but i would say to those people now the time to get vaccinated and get boosted. there's never been a more important time to do it. neil: finally, doctor, when you talk about now is the time to get boosted, is it risky to assume that you get a yearly booster, that the efficacy and a lot of these shots, i'm not trying to lump you in with your

competitors here, is such that it might have to be several times a year. >> i think at the minute, neil, nothing is really off the table. we just don't have those pieces of data yet. i would say we've always thought of the company that a yearly booster, perhaps coupled with flu, we're working on that, be the likely cause to get out of the pandemic and into the end emic phase. does it need to be more frequently than that? i don't think we'll know the answer to those questions until spring time or a little later. neil: dr. paul burton, very good talking to you, sir, thank you for taking the time. >> thank you, neil. neil: all right, dr. paul burton , the chief medical officer over at moderna. key player in boosters that might just be effective in dealing with omicron. way too early to assess the magnitude of this but as you could see in that box in the little right corner of your screen, investors are selling first, asking questions later. now a lot of this could be inflation but a good deal of it

seemed to be spurred by these reports of growing and rapidly spreading cases of omicron across the globe. one of the wildcards for this , gary kaltbaum with us right now. you know, gary, we've just been talking about the markets finding some closure on the issue of inflation but at least now knowing what the federal reserve plans to do, whether the fed makes good on these threats whatever you want to call them the raised interest rates at least three times next year is anyone's guess but at least that provided a bit of certainty on the inflation front now omicron comes in and throws that all up in the air. what do you think? >> when you wake up in the morning and you're not sure if they are going to be football games or basketball games this weekend when you see shows being shutdown, when you see a bunch of companies telling employees stay home again, it facts business, it effects psyche and if it's anything about this market it's quite emotional and quite quick and you're seeing it in droves right

now and this just adds, we use the word all the time but it really does matter, the word " uncertainty" of this and the movement of it, as well as you mentioned the central bank where we have found out the man is behind the curve and was wrong on inflation and you have to worry what next from him and i know there maybe a little bit of closure because he made some moves, but i think that's still up in the air so i think all that is impacting us, plus the fact we've had a big move in the markets. we have the high valuations. we are overdue and you're seeing some of the outcomes of it. neil: you know, gary, like a dog with a bone on this 10 year note what fascinates me because yield s are collapsing. they are just collapsing 1.38% for 10 year, not even three and hail weeks ago we were flirting with the 1.78% level. what is going on there? what is the bond market telling us? >> well, you're not a dog with a bone. it's very meaningful, and let me

add one other part of the equation. the strongest stocks in the market in the last week are proctor and gamble, general mills, post, household products, we're talking utilities, we're talking recession-resistant companies that do best when the economy is softening or going into a recession, so you combine interest rates going down with that, and i just asked the question, what the heck is the market thinking and the market is quite often correct, so you you are right. i think we have a softening of the economy going on into the new year, even though i keep hearing from spell, it's the strongest economy ever, but that's becoming off of covid so i'm not so sure how strong and i do believe the markets are on to something and i think you are correct on looking at that very closely. neil: gary have a good weekend my friend, good talking to you again, gary kaltbaum, following all these developments right now again we'll continue to follow what's going on in the bond market, continue to follow

what's going on in the stock market. they are in tandem today, but again, this flight-to-quality or maybe an uncertainty where people are heading to bond is a little bit weird, right? it's just sending some mixed messages here, but a lot of it is again omicron-driven, and concerns right now that this is a wildcard. we know it's spreading fast, we know, thankfully, that it doesn't appear to be super super serious but we are watching it as is the president of the united states who is sending a warning out to those un vaccinated it could be a long and deadly winter if they don't get vaccinated. this on the heels of reports that the one thing he wanted to push through this year, that build back better program, doesn't look likely this year. after this.

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this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, can continue to get the tools they need to build a future of unlimited possibilities. neil: build back better? maybe later, maybe much later but certainly not looking like this year. chad pergram on the latest developments on that big old spending package that is still debated within the democratic party. chad where do we stand? reporter: good afternoon, neil a hat trick of blows with democrat s it became clear the democrats lack the support of joe manchin to pass the social spending bill this

year so president biden pulled the plug for a few weeks. the senate parliamentarian ruled immigration provisions out of order for this special budget bill, and despite efforts by the president, democrats lack the votes to alter the filibuster in order to pass voting rights. the left is mad, many at manchin >> ready to keep it up next week. i'll stay here as long as it takes and we've gotta get started in the fight on climate change in a big way and that's what's in build back better, so as long as it takes, i'm here. reporter: but the legislative eyes of democrats appeared to be larger than their political stomach, especially in a 50/50 senate. >> being progressives furious surrounding the position they are in right now. they've done their part, but from their perspective, they've not gotten what the they were promised. reporter: senate minority leader mitch mcconnell held a victory lap press conference once it was clear democrats had to tank their agenda for the year,

mcconnell embraced the resistance of manchin. >> we do appreciate the fact he seems to be one of the few remaining left in the democratic party. i don't know if any of you were here during the obama years. we had way more moderate democrats when barack obama was president than we do today. they seem to have all gone hard left. joe has resisted that, and i admire him for it. reporter: the triple wammy made thursday the terrible horrible no-good very bad day for democrats. 2022 could be no better. the bill grows stale the longer it sits. neil? neil: chad pergram, thank you my friend to rho khana, the california democratic congressman kind enough to join us. congressman good to see you again. is it out this year, is it not going to happen this year? >> neil, i don't think it'll happen this year, we need to get it done, we need to have a vote on it one way or the other let's have the vote in january and let's move on. i think if we bring a vote there's a good chance that people will vote yes when it's

actually on the floor. neil: in the senate that means that joe manchin or kyrsten sinema would vote for it, or you're confident they would. they don't seem of that mind set now but forced with the issue do you think they would? >> i'm not confident, i'm obviously it's up to them but i think if the president comes oust and says look, this is the agreement i had, this was the framework, i looked people in the eye and i got the house to vote for it and i had 50 senators, i need to do this to lower healthcare costs, lower prescription drug costs, lower child care costs. i think there's a good chance. he needs to make the case and we need to have a vote and that's, i think, the way forward. neil: there are a lot of people who look at that and say even within your own party, sir, they hope never comes to fruition because the popular support right now isn't there. that what is there is growing concern about inflation and what what appears to be the inability of the administration to do anything about it. what do you say? >> there's a lot of popular policies.

people want prescription drug costs to go down. that would tackle inflation. people want to have child care costs go down. people want to make sure that they have assistance with rent, where rent is going up, so i actually think this puts more money -- neil: but there are far more people paying for that than getting anything out of that isn't that the essence of inflation? >> no, i mean, i think this bill, you're right, is paid for and that's why it won't have an inflationary pressure. you aren't going to have more treasury bonds. neil: but it isn't paid for , right? >> it is paid for. it is paid for by a tax, people making over $10 million, it's paid for by making sure -- neil: even allowing for that, congressman it's about 367 billion shy in revenues over 10 years, that could change, but conversely, if some of it's more popular features when the cbo was asked to crunch the numbers if they weren't phased out in one, two, or three years as many of them are this is actually going to be a $5 trillion measure, not a $2 trillion measure. what do you say? >> but you can't do a

hypothetical and do something that the republicans aren't supporting. it's a one year bill. that's like saying why don't we have a 10 year score for a defense budget? this is for a one year bill and the cbo scored it properly. neil: but it is a legitimate question, right? sir, you're quite right. we've done this in republican administrations as well but if you're talking about very popular programs, and you say that some of these features are quite popular what congress would let them phase out in one, two or three years, so what's wrong with asking the cbo just in case the congress doesn't do that, what are we left with and that's what the cbo came up with >> neil it's a reasonable question, and here is what will be fair. if you could get me 10 republicans who are willing to vote for the child tax credit i'd say okay they have an argument that it's permanent but here is what's hypocritical. you can't have the republicans not give a single vote for these programs and in the same breath claim they are permanent. everyone knows that's not true. you believe really if the republicans take over they are going to continue these programs

, so i don't think they can speak from both sides of their mouth on the issue. neil: you raise a good point but obviously they be very popular and meet resistance trying to get rid of those , so you know, you could argue back and forth as to how easy that be to just dispense with this but let's say it never happen, congressman. this never comes to passage. there are some in your party who are saying so be it. it be better to fight the fight on dealing with inflation and getting a handle on that, hoping whatever the federal reserve is doing will work, and that will have far more of an impact next year in the mid-terms than anything else. what do you say? >> you know, i disagree with that. i think what will have impact is if we lower prescription drug costs and put more money in the hands of the working class and give kids in this country preschool and lower costs for families but i think what we need to remind people of is what we've done. the american rescue plan, stimulus checks for everyone, the child tax credit, the infrastructure bill, for the first time people have been talking about infrastructure we delivered, so

this is obviously something we need to do with build back better but we've already had a successful year. neil: but finally, you a and i have gotten into this before, congressman, we didn't have any of those features in our law prior, certainly to the pandemic , when we got as low as 3.5% unemployment so we were doing gangbusters without any of these features then. you could make the argument that even the mere talk of this and these benefits are reasons enough for people maybe not to apply for jobs, maybe not to find alternatives to the government. what do you say? >> i just don't think the data bears that out and the unemployment rate is low, but i agree with you these benefits weren't there but that's why i think -- neil: but the data, sorry, we were at 3.5% unemployment i'm talking pre-pandemic, so we had a history going back without any of this stuff, doing quite well. >> well, but we are now almost

at 4% but here's the thing, neil i believe the working class has had the shortened of the stick for the last 40 years. i think their prescription drug costs have been too high and their child care costs have been high, healthcare costs are high. you're right these weren't there they haven't been there for 40 years it's time we start delivering for the working class and that's what this bill is about. neil: so you think it will come to pass, but next year. >> i think there is a very strong probability it comes to pass but the way to do it is to force the vote. i don't think we should have conversations, january let's vote on it and then let's move on. neil: it's a good point, you know just go ahead and attempt a vote and see where we stand and let the chips fall where they may. congressman, have a wonderful holiday good seeing you again. >> merry christmas, happy holidays. neil: in the meantime we're following the back and forthright now on what's going on with omicron, we told you that radio city has canceled four of its planned christmas shows today they are on a wait and see approach for the next new days this is among the

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neil: all right, a lot of the tension right now on omicron and how serious an issue, you know, that could be for global economy right now, where we're seeing restrictions being imposed pretty much everywhere, even in the city in which i reside right now, our own jackie deangelis has been looking at this and how you are feeling about all of this , joins us right now. reporter: that's exactly right. good to see you, neil and of course we have new data out of this fox business poll and this is fresh data, specifically with respect to covid. now the president campaigned on battling the coronavirus nearly two years into the pandemic, and roughly a year after the first vaccinations, well only 8% of voters say that the pandemic is completely under control. that's the exact same percentage

as a year ago this month and remember who was in the oval office then, and take a look at this , how voters feel about biden's job approval on key issues. coronavirus is typically where he does best and that's still the case but he's lost ground on this issue over the last few months. right now 47% of voters approve, 49% disapprove, those are his worst marks on the pandemic to date and a far cry from where he was back in the spring. then, you see on other topics, only a little bit more than a third of voters approve of biden 's handling of the economy, taxes, crime, government spending, and immigration. that's a lot of issues where there's falling confidence. now, overall his job performance , his ratings, they're falling too and he knows it because he joked about it with jimmy fallon last week. here you can see half of the voters approve of president biden's job. that number hit a low of 44% last month. it's not really a shock as coronavirus cases are back on the rise and the democrats

massive spending bill is still out there and as we worry about the supply chain and inflation. we talked about how inflation is the number one issues that voter s are worried about but this is interesting look at this crime rates continue to sore across the country and almost eight in 10 registered voters are extremely or very concerned about the surge in crime 77%. now voters were asked what they thought was causing that crime rate to go up and they said that it was the breakdown of moral values, the highest-ranked reasons cited while weaker criminal penalties was number two. this was interesting, neilment only 12% said they thought de funding the police was to blame. i thought that percentage be higher. neil: it's interesting, a lot of worries and getting frustrated jackie thank you very very much, my next guest is getting frustrated by these vaccine mandates that we've had for national guardsmen and women and he wants to do something about it and he along with four other governors are doing just that i'm talking about the wyoming governor mark gordon kind enough to join us. governor, this national guard vaccine mandate is what got you guys going right?

what do you want to do about that? >> well thanks, neil. neil: thank you. >> actually it's kind of the trend we're seeing out of this administration is overreach and our country, right from its founding, was established with guard units that are descendents from the malitia units to be put together. you can not have washington dictating how the units under the safe control are going to discipline or discharge their folks. we do understand title x but under title 32 the states should have that jurisdiction, my and my fellow governors brought that point to the secretary. neil: have you heard back from the secretary on this? >> we have not yet. i think the point we made, of article 1 section 8 really does reserve those rights to the commanders in chief and the individual national guard units, and so i think we're on very firm legal ground here,

very firm constitutional ground, and that has also been reaffirmed at the time. neil: is it complicated, governor, by what's happening with omicron and its rapid spread across the world and so many businesses now that have tightened up their own vaccination requirements or even urged workers to go back working from home. in other words this back drop is hurting your push, not helping it. >> well what i'd say, neil, is that wyoming is a republican state, i'm a conservative, we feel very strongly about the ability for businesses to run their affairs as they see fit. we feel very strongly about the rights of individuals and employees. we don't want to dictate those things, and we believe that people using judgment and being responsible really are the best pushback against this

virus. personally, i believe in vaccine s but i'm sure as heck not going to mandate. neil: do you think it's irresponsible for someone whose not vaccinated, forget about the mandates, to stay that way, to not get that vaccine, in this environment. >> look, what we've asked is that people take appropriate precautions. we know that you can safe distance, we know that you can wear a face mask when you're in a crowded area. we know that hygiene is absolutely important. i don't want to direct anybody to take vaccines they don't feel is correct and at this point, we're starting to get more and more data. we're starting to see variations on the virus, and i think it's up to people to make their own choices on this matter. neil: understood, governor, great catching up with you i hope in the meantime you have a merry christmas and a safe one at that, mark gordon the governor of wyoming.

we'll keep track of what he and four other governors are trying to do to cool it on this mandate stuff, especially for national guardsmen. in the meantime here, we are also watching developments concerning tiktok here. something on that site that's scaring a lot of parents and prompting them not to have their kids go to school today. what is it? after this. mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪

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neil: you know, a lot of parents across the country are not sending their kids to school today, it has nothing to do with just a hookie day ahead of the holidays and everything to do with something that emerged on tiktok that has them very scared. david lee miller with more on that, what's going on here? >> well, neil it's yet to be determined exactly what role tiktok has had in this controversy. we'll get to that, but perhaps more importantly, the department of homeland security is saying that these viral messages posted

on social media sites warning of school shootings and bombings across the country aren't leaved to be credible but they are being taken seriously by parents , educators and law enforcement. underscoring that in corona, california a 14-year-old boy has been arrested for threatening an attack. police say a search of his home found no weapons and they believe he acted alone. some schools citing an abundance of canceled classes, where final exams have been rescheduled for next month. other school districts say police have increased patrols according to reports many threats originated on tiktok and the site came under criticism for challenging students to vandalize school buildings but the company issued an updated statement saying, and i quote, we exhausted search for content that promotes violence at schools today, but have still found nothing we find videos discussing this rumor and warning others to stay safe. the statement goes on to say,

quoting again, we're working to remove alarmist warnings that violate our misinformation policy. here in new york city, department of education is asking parents to tell their children about the consequences of making threats on social media that could jeopardize what it calls their bright futures. the police commissioner in nassau county, new york, is warning that anyone with access to the internet can create fear. >> it's like a stock photo of a weapon. you put that on to a post and then you write underneath it, i got gun, i'm going to shoot up the school. reporter: according to a cybersecurity experts kids that are arrested for making threats online often have the same response. they say simply, i was only joking. one disturbing statistic from that same expert, 75% of school shooters post their intentions online. neil? neil: yeah, you can well understand why parents be

anxious, david lee miller thank you very much. in the meantime you heard about the selling going on on wall street today, but a lot of this was telegraphed by a lot of very rich guy, billionaires selling a lot of stock in recent days, recent weeks. the fact it's running double what it was a year ago. they think for tax purposes, but is there something else going on after this. as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. ♪♪ it starts with a mother's determination to treat her baby's eczema. and grows into a family business that helps thousands more. it starts with an army vet's dream of studying the stars. and grows into a new career as an astrophysicist.

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neil: all right, they say they're doing it for tax purposes, or because they have some options coming up, but the fact of the matter is, the very very rich, from elon musk to the founders at google to mark zuckerberg, they have been selling a lot of stock, running at double the pace it was a year ago, almost $40 billion worth, and you have to wonder what's going on here. are they doing it again, for tax purposes and all the rest, or do they see trouble down the road? charlie gasparino has been looking into all of that joins us now. what is going on? charlie: i don't know elon musk 's broker or zuckerberg's broker, i do know a lot of high net worth brokers who deal with people who are generally, i would say, they manage people you have to have at least

$3 million to get these guys services. what they are telling me -- neil: lunch money to you. charlie: of course, 3 million here, 3 million there, but what they are saying is it's not all tax reasons. there's a lot going on here. we have tax reasons as one reason, layered on top of the fact that the fed is tightening another reason where you'd sort of, it's good to take some winnings off these stocks that are very correlated with higher interest rates that they go down, negatively correlated i should say, and that's one reason. just the biden administration, now this could be a positive for stocks just so you know. build back better is being delay ed indefinitely, maybe never, you know, if joe manchin holds his ground and that's probably a net positive if it doesn't happen for stocks because people are worried about capital gains so they are starting to take their capital gains now while the rate is lower if build back better comes back they will obviously be much higher. neil: but that doesn't mean the

federal reserve doesn't do what it intends to do. charlie: so you put all this together, and you start getting worried and it's a lot of, plus, remember, one of the things that happens when the fed raises rates is that it pricks bubbles in the market, and the first bubbles that get price indexed are the stocks that ran up so you see the nasdaq trading off because of all of the tech names ran up dramatically. you see bitcoin trading off a little bit although its come back a little bit and you see , the one thing that is sort of defying gravity right now is amc i don't know if you saw what's going on with amc, it was up almost 20% today on one movie doing well. neil: what did i tell you about that because i know you don't, it's spiderman. charlie: yeah, but -- neil: a tangled web its industry we'ves. charlie: but it's one movie. neil: yes, i know that, they can fill those seats with the right

movie. charlie: but the problem is all of the other movies aren't. there was an interesting column today about how no one wants to go to the new spielberg movie. neil: but for the right movie they will. charlie: in the old days it was for every movie. neil: you gotta get with the times. you're an anti-man of the people here. charlie: i thought people watched streaming. you know how much a pale of popcorn costs? you get the deluxe? neil: i have it. but i did notice the amc thing here and is that in response to these crowds? charlie: look at the stock prices this is amazing because it defies the rationale i just gave you. now maybe it won't defy it, it's up 21% today. it's like insane. neil: but you know who could knock the wind out of this is you've heard what radio city is doing canceling shows today because of covid cases i guess among the dancers but now, same thing where people get skiddish about going to theaters, you

know, then you might -- charlie: suppose, am i saying that right, omicron? neil: whatever. charlie: however you say it. neil: omicron, right. charlie: suppose it turns out to be a cold which it looks like it is. neil: the worst you get out of it is cold-like symptoms. charlie: this is a huge over reaction. neil: it's the uncertainty that's weighing. charlie: the bigger problem is in the medium term is the fed. jerome powell says three rate increases tapering faster, that's still not aggressively hawkish. if he is forced to do more because inflation is even worse than he's suggesting, then, you know, then you see these traits. these are the traits that will spin-off, sell some of these nasdaq stocks that are very -- neil: don't you get the feeling even though he argues this that he thinks that this is still transitory? charlie: i don't think he knows what he's doing and the problem with him is he was never a trained economist. some of these guys dig themselves in, like it's hard

reverse out of this is transitory, and on a dime. you have to sort of like work your way out of it. neil: he's got another four year lease in that job unless the senate rejects him and that doesn't seem possible, so he can be embolden to act on inflation right now. charlie: and he should be but no one can figure out why he's not. neil: you think he's the one really holding this market back? charlie: listen here is the thing. i think that if jerome powell acts precipitously we will get a sell-off in the market that precludes a huge sell-off going forward. if he acts precipitously and pri cks the meme stock bubble and bitcoin and some of these other stocks. neil: never able to do a soft landing. charlie: to get , you know, get some of the fluff out of the market and inflation, he won't have to do something drastic this time next year and that's the worry. neil: let me ask you real

quickly. he started raising interest rates and picking up where do you think he had not unwound those , very easy to put a monday morning quarterback, we'd be in this pickle now? charlie: you probably wouldn't have to do as much quantitative easing which is the heavy-handed way of just printing money. you may have been able to play with the fed funds rate. neil: while he was criticized at the time for that, in retrospect , it might have been -- charlie: he should have held fast and one other thing i want to throw in this. the reason why you see volatile swings and keep reminding people of this , you should be a long term investor if you believe in stocks. it's because of algorithms. these things hit levels and everybody trades, every hedge fund in the world. neil: dinner tonight is long term. charlie: you. neil: all right, charlie gasparino, thank you very very much. ignore what he said about going to the movie theatre. charlie: do streaming.

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at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. the sellout continues, this is still a positive month, the dow and nasdaq but today a drop on top yesterday and concern you've heard great deals about inflation, is the fed really

ahead of the curve on this? omicron is getting a lot of attention on how far and wide it spreads and whether we are going to go back into restrictions or lockdowns as a result. probably getting ahead but sell first, ask later, was going on in the mod bond market more than the stock market because if you're worried about inflation, good think would see a backup and rates. just the opposite. the tenure no is under 1.40%, florida round 1.7%. i have to double check that with charlie grady who keeps track of that. we are down from that so that could be pressing the slowdown but a lot of folks don't know where the markets are going. a lot of folks are just nervous and it's popping up in interesting poll numbers.

we got a foxbusiness at work lawrence at the white house is sorting through more telling once. >> you know how you do the job performance review of the end of the year? registered voters did that for president joe biden in the form of this foxbusiness people did something very interesting in this pole, the number of disapproval ratings on issues from the economy, while over 50% handling on the coronavirus from a 49% disapproved, 47% approved but look closer at the spreads here. handling on the economy, 38% approved while due 9% disapprove and it's a spread of 21-point where handling on crime, the spread is 21 points with 57 disapproving, 57%. look at government spending and immigration from disapproval jumped to 59% so republicans say americans see no light at the end of the tunnel and this

represents 50, americans are struggling. you can see it at the gas pumps and in a number of areas. a foxbusiness full-size 84% of registered voters are somewhat or very concerned about inflation. eight in ten believe the pandemic is responsible for. however, of the 78% of the voters also believe government spending and regulation led to that inflation. the white house saying they are staying the course on these policies. >> he turned around a failing covid response and he's taking strong action to address the financial challenges americans care about the most. his leadership in the bills result in unprecedented

january. neil: thank you for that. edward lawrence of the white house, buddy gerri willis is following the expectations to deal with inflation so we walked into a lot of increases. >> that's right but the way they flow through the consumer might not be what you expect. if you're unhappy with higher prices meet to cars, just wait. more increases are on the way and you can think the federal reserve. >> in 2022, the reason is because the economy is getting better but to borrowers in particular, it's going to be another form of inflation seeing higher interest rates costs on your existing debts as well as any new borrowing. >> the impacts are different across different products. the price of charging it will rise but not immediately. typically it takes 30 to 45

days, roughly the length of a billing cycle. credit card rates reflect hikes by the federal reserve. if the fed stays true to what is said wednesday, 16% average credit card rate could be 16.75% by the end of the year. an option is 0% offering according to mcbride but when it comes to mortgages, the impacts are different. rates run ahead of the fed. if the market is expecting higher rates and market rates tend to move higher. economic headlines and inflation news will have a bigger impact on mortgage rates which typically follows flown by. 3.25% on average rates are historically low. if you haven't already tittered doing so, shop around. thanks are competing for customers because refi activity dropped off. when it comes to savings, mcbride recommends inflation indexed securities, a mutual fund or etf and likes pipelines,

buy them directly from treasury direct.gov. inflation indexed savings bonds. if you believe inflation is continuing higher and maybe the economy will expand even more. neil: certainly ample times as a possibility. thank you very much, here to pursue that side of the story, lydia on it comes to spending on travel, the crowded skies prove it. >> we are at newark international airport, it's one of the airports from across the country piloting a new reservation program for the security line just in time for the bike and travel during this holiday season the best part is the program is free. seventy-two hours in advance of the departure passengers can make reservations on appointment for their security line so when they arrive here the left side

of your screen, this is all passengers from the security line for everyone but over here on the other side there is a line that says virtual line for folks who have an appointment it takes them straight up to the tsa officer so that hard to wait in the long winding line after they screen credentials, everyone flows through screening and takes off their shoes at electronics and etc. so far, officials here say the pilot program is an overwhelming success. >> we've had a number of folks waiting in the standard line seen folks go through the virtual line and say how to get back? reporter: here at newark, they are seen travelers are saving 15, 30, sometimes five minutes off the wait time insecurity. here is where you can find the reservation system in place. some of the programs are still in the pilot phase rules make different location the location

or my intellect terminals so if you try to take advantage verify well in advance it's available for your departing flight. the hope is the system will cut down on wait time during this holiday season. asa travel numbers here pre-pandemic levels for the rest of the month despite omicron. for example, yesterday the tsa screened more than 2 million travelers, that's more than 83% of the travel numbers 2019 before the pandemic is an indication of want to come no more than we can link, probably get very busy for frequent travelers, yes i know recommends he is angry check is the most efficient time-saving way, reservation pilot program suggested for infrequent travelers, people just bring the holiday season traveling. neil: thank you very much. that says something about the strength of the economy on the

people with higher prices and pains and traveling and all the rest. what to make of that from a retail watcher, mark. what you think what's going on at airports and a lot of stores, what is it telling us about the consumer? >> i'm looking long-term for the consumer and investor. i see three detrimental issues, supply chain disruptions, unemployment, we have more jobs available than people are willing to take. unemployment will hold back the economy and what everybody is worried about is inflation and inflation is heinous because it attacks on the middle class. all the things they need to live their life go up and up, their real standard of living goes down at the same time. what is an investor to do? number one, do not do long-term

bonds from a high volatility if interest rates go up. inflation -- people say is a transitory? fancy word for different, it's already not transitory, it's long-term. how much worse does it get? how long does it last? you want short-term bonds, have high quality bonds and long-term own equities but you have to diversify them historically, inflation at 3% and stops at 10%, it's a tricky time to be an investor consumer. neil: for consumers, they are by and they are buying a lot even though the price of the goods they are buying have risen in price a lot, what you make of that? >> marques points, inflation in his terms, attacks on the middle class. at the same time, we spent the last two years plus living in brutal fatigue, people want to shop. look at the numbers coming in

from the airport that lydia reported for most people who travel, they want to give gifts, did data catalyst institute reported 79% of small businesses use standalone stores, in person stores as a number one way to sell. these small businesses are open and want people to visit. we have this occasion of big box retailers and department stores but small businesses are the ones who need the business and the ones willing to go the extra mile to get the dollars in their pockets. neil: when i look at this, i see a market responding to inflationary parts by selling off but a bond market that seems to think there's more of a slowdown to worry about than any inflation or is it both? what you think?

>> i think it's both at the same time. member mccarter when we had both stagflation which means every session and inflation at the same time and investors have to be careful right now and not get sucked in by big tech companies. they have massive growth and could have massive falls on the backside of a crash and they have to invest internationally. it's hard to predict what will happen in the short run i can tell you one thing, this doesn't get solved, retail sales might be up for what you put underneath your tree? if inflation, you might be spending more but not actually getting any more so investors have to look long-term we've got to take the boot off the throat of small businesses, capitalism, free markets, innovation, those are the things that will drive us out of a recession and eventually and inflation but i don't see it any time in the short run. neil: weep and focus on inflation so much we are maybe not factoring in omicron or

maybe growing anxiety about being in public places, it might not even be necessary because the parents certainly is contagious, so far hasn't proved very dangerous but what you make of that? >> i think there is certainly that fear factor when anything introduces a new variance into the mix, people get scared. what's happened though is retailers have been sounding the alarm especially when it comes to products and we have the supply chain issue that is ongoing, sounding the alarm since october so for the most part consumers shopped way before, promotions were rolling out so now that we are within seven days of christmas, most of the bulk of the shopping is happening super saturday is tomorrow, a lot is going to be done online. data catalyst institute has 58% --

[inaudible] small businesses have online presence and the promotions especially when they knew consumers would be staying home and purchasing really came out full force the last couple of months so the fact that there may be omicron variant going on, certainly fearful, most everyone has got their shopping done. neil: mark, how do you advise people on the markets right now? we see the nasdaq the last couple of days, s&p 500 market sectors are down, technology the most this week, not a shocker but is it too much? what you tell people? >> i think investors always have to be repaired for a crash. they are unpredictable and never know when they are going to happen. when they do, it's 20% to negative 50%, we saw that in

2008 and 2009. it's not impossible it could happen again so investors have to stress at your portfolio. historically, what makes the message you have if the master market best crash, how much of your money do you lose and can you stand to lose that much lets you have to be strategic, you can't just guess. if you're guessing, it's gambling so analyze your portfolio, be prepared for a crash and remember it's never the right time to panic. if crisis does go down in equities, take your high-quality fixed income and by more while they are down and few people have the stomach to do that. neil: or wait it out and hope everything is okay. thank you. hope you have a wonderful christmas, appreciate the insight. we are taking a closer look on the market shares in the weeks ahead and we could close out the year because the santa claus rally, many argue still very much in place. is it?

more about after this. ♪♪

we were hit by a tornado. we are stuck and cannot get out. i'm suffocating literally and i can't believe hardly and i'm sorry but i love you and i don't think i'm going to make it out. i just kept thinking we are going to look like, i'm in here like this. neil: a week ago today, they had no idea in the south in kentucky in particular what was to happen later that night 250-mile wide swath from a 2000 tornadoes ripped apart an entire region of the country from which it has yet to recover. the latest from alexis mcadams in mayfield, kentucky at the epicenter of the storms.

>> good afternoon. this is the epicenter, hearing from the woman, trapped inside the candle factory short drive away here, it's heartbreaking. the people had no idea of a tornado would be so severe and had no idea they would make it out alive waiting for five hours and counting. devastation here spans 4 miles in several counties. the winds were so strong didn't just rip apart the community buildings and other things tore apart, it flipped over pieces of machinery and toppled them trained. this is from the ground the past few days, you can get a look at the scope of what people are doing as they continue the cleanup process. people lost their homes but more important family members. kentucky's governor saying 77 people were killed when the tornadoes touched down here. at least 12 were killed, they were just young children. each people leaving behind

family, friend and a legacy. the pictures are hanging among the town square in mayfield. a local funeral home i talked to says they've had at least a dozen services for those who lost their lives in the storm here, they are expecting more calls the death toll continues to rise. >> two or three employees in the candle factory has had to collapse, we had an elderly lady collapsed and she perished. we have a deputy jailer on duty. >> people there, the coroner's office and funeral homes know those people and the families calling and having to plan for services. over at the candle factory talking about eight deaths from of the workers who did make it out saying they were buried alive under the debris for several hours. first responders coming to the

area at a moments notice to dig tunnels to help them escape from the candle factory. one woman tells us she was able to call her family saying goodbye but she didn't think she was going to make it out. later today senate minority leader mitch mcconnell visit, a firsthand look at the damage here and he will take a look around. he's from the state wants to get out here and see exactly what the people need but the cleanup process is going to continue not for weeks or months but several years. neil: stunning. thank you for that. i want to go to joseph henry gardner, kentucky national guard chief of staff, good to have you muster. you have a lot of work on your hands, how is it looking back? >> thank you for having me on, let me tell the story, it was devastating as your reporter

pointed out, being in mayfield, we have over 600 kentucky national guardsmen responding now. once the local communities are overwhelmed, we are there to fill the gaps. neil: what you need right now? what can we do for you? >> obviously a lot of prayers, as a time of the year, christmas one folks and our community, we have our own individual guardsmen in the affected area and the individuals, heroes in their own right chipping and instantly once the tornadoes ripped through the western part of the state a week ago but governor bashir has a website if you go to ky.gov, team kentucky on their or the kentucky national guard twitter site follow us and you can see those sites but there's a lot of devastation, we got great

support from local state, lots of stakeholders and collaborations taking place and we are making progress. neil: obviously it's tough to reach people, power without for so many, i know it's been restored, i don't know how it is by you but back complicates helping folks just trying to get to them. >> medications is one of the boys we want to restore as fast as we can. located with the kentucky emergency management center in kentucky and we have liaisons, kentucky national guard county and community affected so we can get information direct from those individuals on the ground and all of government approach, even cell providers in their bringing sailor coverage but

communication is the key to get the right folks incapability to the right spot at the right time. neil: thank you for all you are doing. kentucky national guard chief of staff, when we come back from obviously building back kentucky and other states hit by this horrific storm is one thing, building back better from the think they are working on in washington. ♪♪

♪♪ all right, for joe manchin, maybe these are welcoming developers build back better might happen later, if at all. growing signs he is resisting any vote on it this year and

maybe next year as well. that's just what santa ordered. all he wanted for christmas was not this is kind enough to join us, steve. it doesn't look like this is happening this year, maybe not next year either. where you on this? >> it was an early christmas present for me for sure. i've been running this coalition with larry kudlow and others to kill this bill. it's not dead yet but it is dead for the year. i've always believed as people look at what's in the bill, the actual cost of it and what it will mean in terms of increased taxes, no work requirements and welfare programs and assault on american energy the highest taxes in the world americans would turn against it and polls have shown diminishing support for this and people blaming biden and spending policies for

inflation so i think we've got a good shot next year at killing this but ultimately i would have to get it in joe manchin's mind to know how it's going to turn out because he's the man right now, he's been called the shadow president in washington right now because he carries so much influence in terms of the bill. neil: markets have been whipsawed, if inflation is one thing, i don't think they are moving on whether it passes or not but they are moving on omicron fears, slowing economy but rising prices, are you worried about this? >> i will challenge you on one thing you said, i do think the market has discounted throughout this year, i think the market predicted we'd end up where we are today, this big massive 4 trillion-dollar debt bill would not be ready for prime time. neil: i think you are right, otherwise you are right, we

would -- they certainly would not have advanced to the degree they did thinking it would come through but it is remarkable. >> it is. in terms of where we are with the market, i am frustrated with the fed, i think the fed is behind the curve and has been for nine months now. i wasn't happy about their declaration, they should be raising rates now, not waiting until next year. smarter people than me like larry lindsey have been making this claim for a long time, it takes some time for fed action to start influencing the market and inflation rates so we could still see ask or seven% inflation rate well into 2022. it's good short-term because it increases profits but investors tend to catch up with that.

i would urge people to look what happened in the 1970s the last time we had a bout of inflation, the making certainly not making it, who are losing it. that's the reality right now, wage gains are robust, close to 5% but it's running a double, you're paying more as you earn more. you are paying out a lot more than you are earning so how long you see this going on? >> you see a revolt among people, people are angry and feisty about this inflation. it's biting into their income so i would say get control of this, get this bull by the horns because you remember this, it

wrecked jimmy carter's presidency. it's the reason reagan won a landslide. people hate inflation and feel it every day and you see it reflected in i found box pull resorts that came out yesterday. people are connecting the dots between the big increase in government spending and debt and inflation and they are right to do so. neil: it will be fascinating to watch. but catching up with you. former economic profit on of donald trump, we'll be falling a lot more and where inflation goes but as if we don't have enough worries, concerns about rise in crime including those sitting behind me, what's happening right now. ♪♪

's

right, the crime crisis is real and right now, a lot of retailers are asking congress or help, at least give them some relief. it is an uphill battle thought. hillary has more from washington. >> over two dozen ceos from major retailers are asking congress to pass legislation to help them crackdown on online sites where a lot of these criminals are trying to sell the stolen goods they've obtained. some of the companies are asking congress for help today like nordstrom, home depot. plasters money gave groups for the policies police say embolden criminals and are triggering the rise and smash and grab robberies and some publicans in congress are calling out the hypocrisy. >> these what corporations last summer came out all four black lives matter and embraced abolishing the police and i

think they cynically viewed it as eating the alligator, hoping he eats them last. well, he's now coming home for supper. >> nordstrom at the time spoke in support of black lives matter, a group calling for deepening police. home depot pledged $1 million to the lawyers committee for civil rights under law which has taken issue strict they are lost in the u.s. levi strauss donated $100,000 to the aclu, a group pushing for california proposition 47 that reduced shoplifting charges for anything other $950 from a felony to misdemeanor but it's not just retailers worded but voters are, too. a new poll found 77% of voters are extremely or very concerned about higher crime rates in the u.s. and 57% disapprove of the president's handling, the white house yesterday was asked if they want local leaders to find police more in response to rising crime.

>> impunity and feeling from retailers, if you are a mayor or local leader, there's a crime problem in your community and we think you should step up and do something about it. >> but it's not mayors or local leaders, there police. one example this week, california highway patrol busted and organized crime ring, they found 15000 stolen items stuffed in a warehouse. neil: incredible, thank you very much. what is a retailer to do? i talked rick caruso in los angeles, a beach resort owner, this is not a hospitable environment for hospitality, is it? >> it not, it's a tough environment for retailers and for people just living in the city. what i think people have to remember, these are not

victimless crimes so smash and grab, going in and breaking the window and grabbing a lot of product, they have victims. most of these stores are small businesses, they can't afford to be robbed. i've always believed what is predictable is preventable. we saw this coming and this is a direct result of failed leadership on part of the city government and leaders in the city government and a result of bad policy that emboldens the criminals and allows them to get away with breaking the law. neil: i did think it was an ultimate hook for many in the cities. the retailers aren't doing enough for this. leaving that aside, what can be done now? how could local authorities or federal level, what can be done not to reverse this trend? clearly getting desperate when you set up higher fencing in a mall to keep the trouble at bay.

>> we are not setting up fencing, i don't know who is doing that. what we do in the evening if we think there's an issue in part of our property, there's an interesting thing called tango tape, is like a big slinky that's expanded so at night it gets put out. neil: i'm sorry, i have seen that, what is that? can shoppers get around back? what happens? >> it's not put out during operating hours, so no issues on our properties during issuing operating hours. it's happening at night and we put it out after midnight. neil: never bear during the shopping day but i would imagine that would unnerve shoppers. they are anxious about coming in this environment, aren't they? >> we are not seen an impact, what we are seeing is record sales on the properties people are nervous, you've got crime and elevate up five 100% it's crazy.

there shootings are up five 100% in l.a. so i think we have to put pressure on city leaders to change policy and change laws, the fact that there is no bail is ridiculous. if they get arrested and go to jail and they are back out within hours you've got this revolving door. in l.a., about 600 officers short and it's going to take smart and bold decisions by leaders and you see a lot of these reversing their tune because they want to say we are going to fight crime now. a year ago they would be funding the police and now without these problems. neil: are thinking with the san francisco mayor, thousand 180 when she said this is going to be from our focus, i haven't heard that from the mayor of chicago but you never know. i'm wondering, if this adjustment, as welcome as it might be, it's too late.

>> i don't think it's too late but i think it has to happen quickly and i don't think it's the retailers responsibility. you can focus on a handful of big retailers that may have the wherewithal and capitol to grow higher extra security but 90% of the businesses in most big cities are small businesses, they do not have the wherewithal to hire their own security whether it's a restaurant or retailer, this is a government job and government has failed many of the residents in urban cities are not protecting them, it's job number one if you can't figure out how, you shouldn't have the job of leading a city, simple as that. neil: caruso, owner of rosewood on a beach resort owner, thank you very much, but luck with this. some of the issues outlined -- i wrote about that, it might just be the fact that your camera is vibrating. we got more coming up including this overall economic underpinning, particularly in

people shopping, they are still doing this, retail numbers are very strong and we are still seeing it in real estate but an unusual twisted real estate. ♪♪

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i am nyc agent. neil: real estate remains lucrative business for a lot of people are clawing for the same business. after this young lady who did something other people had not even thought of, maybe trying it on to conduct trying to get people's attention on tik tok and giving them the opportunity to see more properties than they normally would be able to, at least physically and person and shall we say, the rest is history. madison joins us right now, explain what gives you the idea, i think it is brilliant. i was shocked and hadn't more part of the same thing.

explain. >> it started during the pandemic, we are trying to figure out how to keep client big. in new york city we were considered a central workers but it wasn't quite clear how we go about doing things so we just had to make you and i started taking these videos i wasn't even on tik tok at the time but whenever i would take these videos, i just started posting them from a it was almost overnight people showed immediate response to it. it was explosive. neil: i can see why, i was shocked more people having thought of this, obviously you did and many now are trying to do what you're doing but the convenience of it for potential buyers, they a lot and not just online with photos but video, look at the properties, who are the people responding to this?

>> every age range, i work from even people in their 20s to 30s, i'm working with a few sets of parents. the nice thing about tik tok, unlike other forms like instagram or facebook, you can share a link without having the platform downloaded or an account so people are starting to send links to their parents and working with parents right now so it's everyone and anyone because where else can you see ten apartments and ten minutes? it's also a knowledge base concept. neil: are these your listings? are you promoting available properties? >> it is a mix, some are exclusive when things and there are open listings which are essentially fair game to agents but there's a lot of collaborative videos where i work with other brokers from other agencies. i did one in a beautiful

townhouse going for 8.275 million from another firm, it's a collaborative network, listings come from everywhere. neil: the flip side of coming out of a pandemic, we don't know where we are going with omicron from but services like these won't be as appealing or even necessary, what you say? >> i don't think the platform is going anywhere especially for small business or any client service based industry. i believe everyone should be on tik tok and i only see a larger push from even more traditional firms going into tik tok and teaching agents how to use it. i don't think it is going anywhere. we have over 1 billion users, 48% americans, 19 to 29 use the app. neil: you are quite right about

that. i am curious though, but they i look at your site and i'm seeing what's out there and i'm interested, i like that and what do i do? how do i get to you to say that is the one i want to look at what's. >> i almost have a script i use every time where i say hey, the little link and i'll get back to you or my team will get back to you as soon as possible so i say 50% of my inquiries are specific but the other 50% are general inquiries people wanting to work with myself or my team and at some up by, sell and rental side. neil: you preapproved people or make sure they are up -- some of these properties are pretty pricey. you try to get a sense of whether it's a worthwhile visit for them to look at the property? >> a huge aspect of this, it was originally formulated around the

client safety so you don't want to expose anyone to anything you don't need to so i have basically a system and my team not only everyone coming in but they manage expectations and we want to make sure everyone is on the same page so is a lot more than just a general inquiry might you know what paperwork you need? do you have any questions? any financial aspects you need to process? all of that is completely handled before myself or my team meets. neil: if you combine it with a dancing video, he would be a tik tok dream person but man zero man, very interesting. you make lemonade out of what looked like lemons for some time and then some. selling online. ♪♪

rights, stocks still down, interest rate so really low. charles payne. >> i love this from amazing things happening beneath the surface. buckle up, we are going to have a great show. you have a great weekend we want you, to. >> breaking right now, keeping the masses taking risk my wall street saying mega capitol in stocks, base loans to close. i'm not buying it and judging from today's action, you aren't either.