tv Cavuto Coast to Coast FOX Business December 20, 2021 12:00pm-2:00pm EST
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in the song. you can't ad up, one, two, three, do that for the 10 round, nine round, so forth you get 364. stuart: congratulations todd. you did very well. i know you come from florida. we have a lot of viewers in florida. a lot of viewers. time's up for me. we had a great show. todd, thank you for your help. >> merry christmas. david asman in for you. david: wish all the broadcasters were broadcasting from florida. that would be another subject for another two. welcome to cavuto "coast to coast." i'm david asman in for neil cavuto. happening this hour the omicron spread fueling more mon dates. which in turn is fueling the labor shortage.
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david: people fear covid lock down is much more milder but infectious could put a dampen on holiday cheer. we'll sort out fact from fiction with our top doctor. president biden's spending bill put on ice by senator joe manchin's game changing announcement yesterday. we'll bring you the very latest. markets kicking off christmas week with a dreadful start. our all-star market panel is here what you need to know to ride out the stock slump. first our top story, president biden set to address the nation tomorrow amid a spike in omicron cases all over the country. edward lawrence is at the white house with the details. edward? reporter: david, osha is now saying they will start enforcing the penalties for the vaccine portion of the mandate on january 10th. osha going on to say they will enforce the testing part of the mandate on february 9th, to give businesses some chance to respond. now the supreme court, this is
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then taken to the u.s. supreme court. the supreme court within the last ten minutes or so is now asking the biden administration for a response to the challenge that they have received that response has to be into the supreme court by december 30th and end of business day. now osha spokesperson tells us this about the mandate. osha can once again implement the vital work standard health standard, can mitigate the spread of the unprecedented virus in the work place. both amtrak and boeing had vaccine mandates in place. they have since removed those vaccine mandates because they had trouble finding workers moving forward doing scheduling and maintenance they're trying to do. the executive director of the new york hospitality alliance say it is not the time for mandate but more support from the government. he would like to see the white house them re-up the instrument restoration fund, the fund helping those up restaurants through the covid lock down. that needs to happen again.
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there needs to be more money in there. the white house being positive about all of this for those, who are vaccinated. for the unvaccinated the white house says this will be a very dark winter for them, possibly deadly winter for those unvaccinated. still they're pushing the vaccine mandates. they're also standing by like say, new york city mayor de blasio when he puts in place his vaccine mandates going forward. his mandate does not have any sort of testing option wit. again the white house not pushing back against that. they are also talking about openness on one hand where on the other hand the white house is looking at vaccine possible mandates going forward. we will hear from the president about all of this and where the administration is going tomorrow at this time during your show. back to you, david. david: all right, meantime, all these people who are fully vaccinated are getting the disease t makes the mandates even harder to justify. moderna is now saying its covid-19 booster dose works
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against the omicron variant. that is a little sliver of good news in all of this bad news. joining me infectious diseases doctor, johns hopkins school of public health scholar senior scholar, dr. amesh adajala. many of these hospitals run out of treatments like monoclonal antibodies. why is not the administration focusing on building up the supply of the therapeutics. >> that will be critical as we go through the winter that we have limited supplies of monoclonal antibodies. with the omicron variant, it is important to realize two of the three monoclonal antibodies don't work against it. the one by gsk needs to be prioritized. we need more supplies of it especially as omicron taking up a increasingly proportion of cases in many parts of the country. this will be key, the
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white house and federal government control the supply of monoclonal antibodies, that is how we keep the people out of the hospital. david: doctor, forgive me, they are not augmenting it. i had the monoclonal treatment several months ago when i had covid. it worked like a miracle drug. the symptoms went away in 24 hours. same with my wife. started with donald trump who got the treatment and a lot of other people have been saved by it. why, this one doctor that i talked to over the weekend says his hospital has completely run out of treatment, totally, they have zero. why? >> there is such demand for them right now. and remember the majority of our monoclonals are by regeneron and lily. those will not work against the omicron variant. so now the federal government is kind of shuffling trying to prioritize where the gsk antibody goes to. we're about to lose two out of
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three antibodies this is something that has to be fixed. we also need paxlovid, the pfizer medication that keeps people out of the hospital. there are a lot of moving parts but i think the federal government can do a lot more as we move into the next phase of the pandemic in order to assure our hospitals stay afloat. david: they could if they get off that single focus they have on vaccines. this is a disease not just of the unvaccinated as we keep hearing from the white house, the vaccinated, the fully vaccinated are getting this disease. again it is a milder case. thanks goodness the vaccines have the a tendency to lessen the severity of the cases which is great news but people are still getting it. some people will need drugs. you mentioned that new pfizer drug which has an extraordinary record, as far as i know, with the studies that have been done. it has a 100% effectiveness in stopping preventing death from covid. so why aren't they moving on fda
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approval? >> this is a mystery to me. we know that pfizer has applied for an emergency use thor saying this is something we needed last week or even the month before. it is true that people are getting infected with omicron despite vaccination but as you said it is very important to remember what is causing crisis to be in crisis, is not vaccinated people. it is unvaccinated people. it is people who lack the first and second doses taking up icu beds. severe disease is happening in the unvaccinated. mild disease in the vaccinated. that is not the problem. it is worry about hospitals being able to operate because too many unvaccinated individuals are hospitalized with covid-19 which is a vaccine preventable illness in terms of its severity. david: you mentioned the hospitals. we have a problem with the labor shortage, with those places that have the vaccine mandates like new york, we lost 8,000 hospital
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workers, tens of thousands of health care workers. many in homes and so forth because of the vaccine mandate. so a lot of the hospitals are understaffed as well. >> it is an unfortunate situation. to me it is mind-boggling if you're a physician, or a nurse not getting vaccinated. 96% of physicians are vaccinated this is something they should do as a professional obligation. i support hospitals requiring as a condition of employment t put them in a tight spot because of the labor shortages. we have to be innovative and really kind of push through this but that is becoming an increasing problem, staffing in hospital. even if there are empty beds, if you don't have nurses and doctors to take care of the patients they might as well not have the beds. david: a lot of nurses believe, who have received, who have had covid before because of their close proximity with covid patients say we have natural immunity, we don't need a vaccine to which you would say what? >> you do have some protection
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especially against severe disease. i would say getting at least one dose of the vaccine will top off your immunity. omicron changes that. omicron can walk right through national immunity. this is something durable when it comes to the variant. now more than ever people relying on natural immunity to get vaccinated to top off the natural immunity. david: omicron can walk through a full vaccination as well, again why i think your points on therapeutics are right on. we need the therapeutics sooner rather than later. like going to battle while at same time number of troops you have and number of supplies you have. we are facing a big battle coming up and we need both more troops and supplies. unfortunately we don't have them right now. doctor, thank you very much for being here. appreciate it. >> thanks. david: the omicron surge swamping investors with worries as markets kick off christmas week with a broad selloff. here to tell us what is going on
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capitalist pig hedge fund manager jonathan hoenig and main street asset management chief investment officer erin gibbs. erin, let me come to you first. it looks very worrisome to see a 600 point loss on the dow of course. could that turn around if, god willing, there is, there are limitations to the severity of this omicron variant? >> absolutely. in fact we actually saw something very similar to this just the week around thanksgiving. so it does seem like as we get this news around omicron and, of course when, in the u.s. people are traveling more worried about it. we actually saw a similar, not quite as sharp, but -- only took us two weeks to completely recover to actually reach a new high. we're basically in the a sideways trading pattern where we go sharply up and down and then we, we saw this last year when the delta variant came out, it traded sideways for about
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three months so we do have these big, sharp down days. we actually just went through this last year. hopefully investors can realize that there is going to be this constant pull and push between fear and confidence and that you just need to sort of ride this out. david: jonathan, none of russ doctors here. we just had a doctor explain to us what's going on but bottom line is in fact we do come through this okay, we know that the severity is less of the illness, of the omicron variant but it does spread much quicker than any other variant we've seen but if it works its way through the system as it has in south africa, could we see a turnaround and maybe is now the time to buy on the dip? >> david, you never want to count america out. keep in mind what hurt the economy last time covid spiked, it wasn't the virus, i know it was damaging but it was government response. partly that has to be fueling
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worries. yes, america will recover but what type of economic damage can be done? throughout europe a lot of countries are starting to forcibly shut down their businesses. put on top after pretty weak technical pattern. look at market like looking under the hood. a majority of stocks below their long term moving average. we have all the political factors and at the same time the market looks a little sick and a little tired. david: erin, to jonathan's point, a lot of what happens depends where you are in this country and a lot in the economy and worldwide, what country you're talking about. some countries have lockdowns already. others are a little loser in terms of the omicron variant. i was just told before coming on florida has a job growth rate six times the job growth rate for the nation as a whole. when you look at what's happening in florida, which again has avoid ad lot of the lockdowns, avoided a lot of the mandates, it seems that more businesses are moving down there
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than ever. >> yes. and that's really the states or the areas that remain open are is pulling up or is part of the overall economic forecast in growth but overall people still, it is a largely about being in patterns. again when you talk about wall street and what it is looking for the economy it's really about underlying fears and confidence and less, not perfectly attached to the u.s. economy. so yes, we're certainly happy to have the states that are still growing but as an investor you have to look more at the bigger picture. david: and, jonathan, we can't avoid talking about, in fact we were thinking of focusing on this, talking about what happened with senator manchin yesterday, announcing he would not go ahead with this build back better plan that means a lot more, a lot more prospects for the, not necessarily a non-inflationary environment
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because we still have a lot of inflation but not so much of a push in that direction. might that mean that the fed might get a little breather now? >> well, ironic david, now we're talking about the benefit of spending 1.5 trillion instead of 3 trillion like there is a real major difference in that. we just can't discount and knee global the influence that politics ultimately does have on the bottom line. look at chile. sounds a little out there, david, chile the market dropping precipitously because a leftist, young millenial activist was launched there as long as we get redistricttive ideas and market will sell off accordingly. despite the manchin reprieve if you will still on the market peace mind not just spending but regulation to come. david: jonathan, erin, we're not done with you, more coming up later in the hour. coming up, senator joe manchin as we were talking about saying
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♪. david: build back never? well senator joe manchin shocking the american political establishment yesterday morning by announcing on "fox news sunday" he will not support president biden's multitrillion dollar build back better plan. chad pergram is live on capitol hill with the very latest on this. hi, chad. reporter: good afternoon, david. there is an internal brawl among democrats when joe manchin would vote no. liberal democrats are chastising manchin for blocking the bill. >> we need to govern. we'll going to actually have consequences and the concern is that if there are no consequences to this kind of betrayal of working familieses across the country, of the president of the united states -- reporter: but democrats must be
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careful. manchin is the reason democrats control the senate. in 2001 the gop pushed the late vermont senator jim jeffords too far. jeffords then caucused with the democrats and flipped control of the senate. manchin had harsh words for those in his own party who are out for blood. >> they just never realized that because they figured surely to god we can move one person. surely we can badger and beat one person up. certainly we can get enough protesters to make the person uncomfortable enough, they will just quit. guess what? i'm from west virginia. i'm not from where they are from. reporter: meanwhile republicans are sitting back with a bowl of popcorn enjoying the democratic infighting. >> democrats forgot we take oath to the united states constitution, not to a little party. i chuckle a little bit when i hear the white house, some of his colleagues, heck some of my colleagues on the house side
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talking about his loyalty is not to the party. he can't be trusted. reporter: senate majority leader chuck schumer is planning to put the build back better bill on the floor in the new year. he says democrats should make their positions known on the bill during a vote, not on tv. democrats are also exploring ways to break up the bill into smaller pieces but it is unclear if progressives will accept that. they prefer and all or nothing approach. david. david: chad pergram, i'm sure you're having a fun time covering all of this political news. thank you, chad, appreciate it. the liberal media did not take kindly to senator manchin's blocking of the build back better plan. joining us is the hill media columnist, fox news contributor joe concha. not so much of a surprise, joe, because the mainstream media is echo chamber of jen psaki and the white house in general but you hear these words about joe manchin, that he is, we heard aoc say he is, betrayed
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america with his, traitor. i heard that phrase used. a liar. jen psaki essentially called him a liar. they need him. they shouldn't be attacking him. they need to pull him in, otherwise he could caucus with the republicans and they lose their majority. >> david, jen psaki calling somebody a liar. like jack kevorkian teaching the heimlich manuever. contradicts itself to a certain extent. apparently democracy died on sunday because joe manchin is anti-inflation, anti-multitrillion dollar deficits. david, when you look at the coverage appears the plan will get personal, to betray manchin as the worst person on the planet since donald trump right? all while declaring democracy is in dead, in fact it is very much alive and well. you saw tweets this morning they were hilarious. sam stein, the white house editor for "politico," the manchin news is devastating for the planet, end quote.
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"washington post" conservative, jennifer rubin if you call her that, manchin deals a devastating blow to biden and democracy. let's look at numbers since we're on the business network. math. take away the emotion. democrats need 50 votes on the hill. kamala harris is the tie-breaking vote. end of story. cb-e says build back better will add $3 trillion to the deficits. most zane economists with inflation 39-year high maybe you don't want to put that into the system. maybe those covering the story might want to explore that angle a little bit. david: manchin was quite clear from the beginning, 1.5 trillion for 10 years was his limit, he wouldn't go above that. we then find out from the cbo, which is a bipartisan organization, not a partisan organization, this thing extended 10 years everybody knows it will be will lead to a 3 trillion-dollar deficit as you mentioned, but we didn't read about that in the mainstream
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media. they didn't cover all of these other studies, the wharton study, for example, showing that clearly it is more of a 4 to 5 trillion-dollar plan than a $1.7 trillion plan. he has, manchin has been the one consistent with that number. all these other institutions, most of whom are bipartisan like wharton or cbo, say that it is much greater than what the democrats say it will be. >> then you had alexandria ocasio-cortez who you just played before talking about, i wrote it down, a betrayal of working class families. that is what she said of joe biden. i would think skyrocketing plain is which is a tax on everybody in the low and middle class everybody has a hard time absorbing. i would be that be betrayal if they're saddled with a bill like this and the cost. more hard numbers. joe biden is polling 65% disapproval in west virginia. that is the state manchin represents. 3/4 of west virginians oppose the build back better bill.
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he is doing what his voters are asking him to do. you add it all up, manchin is applying common sense here. so sad, utterly predictable the way the media portraying, chin:is the bad guy without peeling off the onion to show people what is really in the bill and who really pays for it. david: the consequences of the bill if it was passed, inflationary consequences, inflation was being mocked by the media. they were making fun much it. throw covid into the mix. manchin was clear, we have to keep our powder dry. we're about to face another major obstacle in dealing with this pandemic with the omicron variant. we can't be spending trillions of dollars on something that is totally unrelated to it. we have to keep our powder dry just in case we need it with this omicron variant. >> there is such a disconnect the white house has had since day one with the american people. they think they had a mandate. they didn't. joe biden got elected because he wasn't bernie sanders and wasn't
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donald trump. he barely one, wisconsin, arizona and georgia. the states go another way, donald trump would be president. they misread the tea leaves on spending, on taxes, on a afghanistan, on the border, on crime, every single major issue this presidency is failing. nancy pelosi will undoubtedly be retired as house speaker next november. very good chance, democrats will revolt on joe biden and seek to replace him as mom knee if this the 80 something version of him thinks running in 2024. 20202 will be ugly, david because it is so personal. david: with all the numbers, most important one 50-50 split in the senate. if manchin goes with republicans, democrats lose control of the senate. this administration gets nothing done for as long as senate is held by republicans. >> all right has, david, right? david: perhaps. maybe that is what happened
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yesterday. joe concha, good to see you. thank you very much. coming up, elon musk saying he is paying a hefty tax bill no matter what senator warren says. it cover the biggest tax bill in u.s. history. details coming up. ♪. ♪ ♪ remember when no dream was too big? ♪ ♪ and you could fearlessly face the unknown. (kids playing) you still can. ♪ ♪ (blowing dust) when you have a rock you can depend on for life, you'll be unstoppable. that's why over 5,500 companies rely on prudential's retirement and workplace benefits. who's your rock?
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♪♪ when you start with care, you get a different kind of bank. truist. born to care. david: we have some breaking news that is just in. washington, d.c., is going to reinstate the indoor mask mandate from december 21st until january 31st. the mayor in d.c. also says all washington, d.c., government workers have to be fully vaccinated against covid-19 and must have a booster as well. and there will be no test-out option for that. so how about this for fair share? elon musk saying he will pay
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$11 billion, that is billion with a b, in tax this is year. of course he is worth a lot more than that. susan li joining to us break it all down for us. hi, susan. reporter: $14 billion in total tesla stoke sold by end of this year. elon musk tweeting $11 billion will go to pay taxes an uncle sam. he said that is the most any human being has paid to uncle sam in history. now most of these taxes will pay off of course that lucrative compensation package he was awarded back in 2012. it is all about stock that makes up the bulk of his wealth. musk gets zero when it comes to salary. he has a lot of stock options he needs to use or they will expire and he will lose next summer there is a build back better factor here believe it or not, musk could have actually waited until next year to sell the $14 billion of stock but there were concerns maybe the democrats could get the build back better plan through, increase taxes on pretty rich
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people like himself and increase capital gains instead after corporate minimum tax for companies. manchin as you signaled he is going to say no, maybe elon musk could have waited. that is okay. what is a few billion dollars for a guy worth $250 billion? richest man on the planet and if you think about it, if he is paying $11 billion in taxes is that necessarily the freeloader that senator warren accused him of? ii want to note tesla's stock of with the broader markets but guggenheim initiating coverage on the stock calling it 924-dollar stock. if you have it, hold it, don't buy anymore. predicting more electric car sales growth and more competition with the likes of rivian a you know. dade, obviously the established players like general motors, volkswagen and the like. $11 billion is a lot to pay in taxes,. david: not exactly a freeloader. he has a lot of of money left over, but $11 billion in taxes
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not freeloading. back to capitalist pig hedge fund manager, jonathan hoenig and main street asset management cio erin gibbs. so, jonathan, the phrase, fair share. david: is the most non-objective phrase in the universe t depends on your perspective but doesn't it seem like elon musk is paying close to his fair share in taxes? >> most in history. that is not enough for senator warren. we need to live it all away. live in a hut underneath the viaduct. maybe he would be a moral person. the whole thing is a little perverse. we shouldn't celebrate the what he is paying in taxes but celebrate what elon musk and others like him created wealth. can you think about him, multimillionaires, billionaires he created himself. senator warren created one millionaire. it is herself. i think she hammed to do it by pretty trade lent means.
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celebrate what he creates, not what he pays. david: this is much more than about the billionaires. they stand out. that is why they're focused on by elizabeth warren and some of the socialists in the senate and congress but the entire top 1% of taxpayers, and that includes a lot of people who are not billionaires. most of them are not billionaires, pay 40% of all income taxes in america. that's the top 1%. so i mean in fact that seems to be a fair share, no? >> yeah. you know certainly most small business owners, these are the people that are making you know, several hundred thousand and many others are getting taxed at much higher rates and there are always calls for the wealthier to pay even more. we know that many other countries, particularly in europe, they have even higher rates but that tends to hold back their economy. so we're going to continue to have this debate as long as the
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u.s. government keeps spending and has to pay back all of the billions that they are spending every single year. david: of course there is the middle class, jonathan. they are paying a huge tax right now, an inflation tax. it is, it was, by whatever measure you want to use it is big, but we had the wholesale price index, wholesale producer prices, which is kind of the precursor what you see at the store to buy something, that is up almost 10% right you now, 9.6%. isn't that a huge middle class tax? >> enormous tax, david. it is not caused by men like elon musk. they become rich not on the backs of other people, keep in mind everyone elon musk ever dealt with got paid. they traded for trade. elizabeth warren comes, can you imagine literally walking up to elon musk saying you owe me money? by what right? it is government that is creating inflation. it is women like, people like elizabeth warren spending money,
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debasing the value of the dollar and driving up costs for everyone, not just to elon musk but the everyday middle class person is paying 20, 30% more this year than they did just for a bag of groceries. david: erin, you mentioned small businesses, there was a great piece in the "wall street journal" last summer how a raise in capital-gains taxes which is supposed to be just for the millionaires and the billionaires, but in fact, 50% of america has a 401(k) or some kind of retirement program that has stock in it, this journal article focused on this one guy who had property worth a couple of million dollars, that he had bout years ago, decades ago, 30 years ago. he only pays himself about 100,000 or a little less than $100,000 a year in salary in order to do the upkeep on these properties which he rents out. he was hoping to sell them for his retirement. he can't afford to retire now on that because thinking about what the capital gains tax increase will do to his retirement fund. it might double the taxes that
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he has to pay which would cut right into his retirement. >> yes. we're in, a lot of our clients, they first of all they're paying taxes on their income that they're making. they're scrimping and saving in order to put money into the market to save for their retirements and then, you know, as you're trading capital gains you have to pay even more of your tax again on the second round. it is certainly hard when we're talking to investors, they're saving so much, and talking about even further higher capital gains potentially has been floated around. david: yeah. >> it is hard for the everybody to take. david: how many taxes are eventually paid by everybody? focus in the beginning on a few dozen people, these billionaires, end up hitting everybody. it happened so often in the past. we got to leave it at that. erin and jonathan, great to see you both. thanks very much for being here. coming up after 14 weeks of testimony the jurors begin
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♪. david: well the fate of elizabeth holmes is now in the jury's hands as they start deliberating today. our fox business correspondent kelly o'grady is live in san jose, california, with the very latest on this. hi, kelly. reporter: hi, david. yeah the jury has been deliberating for about an hour at this point. this is being heralded as the business trial for the century, serving as a warning to silicon valley founders just how far you can go when selling your product. if convicted of wire fraud charges holmes faces up to 20 years in prison as well as restitution. what does this come down to? it will come down to intent, did elizabeth holmes intend to deceive investors ard patients in the aim of defrauding them or simply an entrepreneur that made
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mistakes. as seen as rigsky move, holmes took the stand for seven days, hanging the case whether the jury believe her capable of these crimes. the prosecution relied heavily on the testimony of investors, employees, placing holmes as a brazen con artist, of pharmaceutical companies, well-known board members, military, claiming that she blatantly lied about not using third party tech and warnings of her lab director. the defense brock that down in their arguments, attacking the lab director's comments and arguing that the government simply doesn't have enough testified to convict her beyond a reasonable doubt. that phrase is going to be really important as the jury is deliberating on this. and the defense is also putting some of the blame on the billionaire investors saying hey, they should have known better. some of them didn't even meet with holmes before writing a check.
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another interesting point, silicon valley critics are highlighting a rare female founder of a unicorn heightened to invest. i will be on verdict watch to see if anything changes. david: extraordinary story, kelly, thank you very much. a mass exodus on how southern states are luring more people to stay for good. ♪. 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. we've been waiting all year to come together. ♪♪ happy holidays from lexus. get $1500 lease cash toward a 2022 rx 350.
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americansriri outh.ouou utut sut sssrerere try tgg to lerslele ttay long term. madison alworth is at the tampa international airport with details on this. hi, madison. reporter: hi, david. yes, we are here at the airport around this airport has seen more travel than 2019. you know, like you said it is not new for people to flee to the south during these cold winter months but the difference this year and leading up to this point is that some of those people, they're not going back. they're making florida and some other southern states permanent homes due to lax restrictions and favorable income tax
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policies like here in florida where there is no income tax. i mentioned the policies especially when you talk about covid you see the difference in the northeast and florida. in the north governors have not taken shutdowns off the table and have not been clear whether or not there will be more restrictions in florida, governor ron desantis made it clear shutdowns will not happen. at a time other states and are trying to reach prepandemic numbers, tampa international saw a 9% increase in travelers last month compared to 2019. florida is official i outpacing prepandemic levels. an asia port executives tell us this is all happening at a time people are not coming to visit but coming to stay for the long term. take a listen. >> we have seen people moving here permanently even individuals that move here to work here remotely, many companies, corporations are still in a remote work type environment and we're seeing more and more people move here to do that.
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reporter: other southern states are looking to adopt some of florida's model. arkansas is chipping away at its income tax. governor asa hutchinson has signed legislation that gives over half a million a can arkans residents if they make less than $26,600. they anticipate under the ledge should he just signed, over 100,000 resident will pay no income tax at all. the state is not planning on stopping there they are looking at certain bills to eliminate the income tax completely that would be a move that mimics florida. speaking of florida, you see the airport behind me, it is very busy. omicron is across the united states but the airport officials i've spoken to today, they have been tracking flights. they say, david, we're still expecting record high travelers to come into florida for that holiday season. david: that is amazing. nothing stops them. madison, thank you very much. it is not just weather and taxes that are forcing moves.
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there is also crime. our next guest is a designer who says the crime wave has forced her to close her store in los angeles. joining us now is bb zoo owner. great to see you. you have been through so much. i know a little bit about your history. you persevered, stuck with it, despite what happened. what was the straw that broke your back as far as the crime in l.a. is concerned? >> you know, from the the "black lives matter" riots i knew people have a strong opinion and use that opinion in different ways, whether that means with violence or with reason. unfortunately now, what happened, i'm not sure because of the christmas coming or the
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edb payments are stopping now people use their desperation in a different way. now what is happening is, you know, grab and ones, people completely outright stealing, smash-and-grab, there are weapons. this is something with volatile crime. unfortunately there is no profile only these type of people you need to watch out for. it is across the board. we had a celebrity stylist like brandy norwood, can't remember her last name, she does a lot of stuff for netflix. incredible, she tried to get away with a 50,000-dollar ring. what is difficult, is really affecting the way that we do business. david: well, specifically, what happened to you? were there smash-and-grabs at your boutique? and if so, where were the
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security guards? where were the police? who were doing the smash-and-grabbing? go ahead. >> it wasn't smash-and-grabs. we're sitting ducks. we're right by escalators. there were many times we had to actually physically closing the door to stop people coming into the store going in and out of other stores and the access to the stores were also not secured. so the hallway, doors automatically opens by sensor. anyone could basically go into the halted way of all of our stores if a door happens to be open. they could steal what is actually happening at the -- [inaudible] david: there were as you know a bunch of smash and grab 14 weeks ago were arrested. the same day they were arrested they were all released this is the policy of the district attorney there, gascon, who has
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gotten this belief that people don't have to be incarcerated for their crimes. is that what is in your mind causing the problem? >> it is really scary for us as a retailer we need recourse. there has to be something that is telling people it is not okay to actually steal but unfortunately, people are let out the same day. they are let out on bail. they're back and available on the streets to do it the very next same day. so the problem with that is that there is no recourse, there is nothing to say that no, this will actually cause damage to your life. this will cause damage to your career. for business owners, what can we do? we're the ones left holding the bag. david: well, elle, you're an extraordinary entrepreneur, we have only 15 seconds. where will you take your entrepreneurship? you create jobs. you create industry. if not in l.a. where are you thinking of going?
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>> well, i was just watching the segment and miami looks great. florida looks great. [laughter] david: wow, miami, actually miami has taken a lot of californians. so has the rest of florida. of course texas as well. again it would be a crying shame if you stepped contributing in, from a business point of view to the american economy. you're just doing an extraordinary job. it is a shame you have to leave l.a. they are losing a lot by losing you. thanks so much for being here. best of luck to you. >> thank you so much. david: absolutely. after the break did senator manchin's remarks on build back better essentially kill the bill in congress? larry kudlow, remember his saying, we'll remind you of that, when we come back. he joins us coming next. ♪ flexshares are carefully constructed. to go beyond ordinary etfs. and strengthen client confidence in you.
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as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. ♪ david: well the chances of president biden's spending bill being passed this year official ly over. welcome back to cavuto "coast to coast", i'm david asman in for neil cavuto today. senator joe manchin, the center of attention this monday, as he said yesterday, he cannot vote for build back better. hillary vaughn has the very latest details from capitol hill i was watching my jaw dropped
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when he said it on none other than fox news sunday, yesterday, hillary. reporter: david, he pretty much talked to everyone in the belt way by announcing that on fox news sunday that he is walking away from negotiations on president biden's build back better bill, but you know who wasn't surprised? some progressives who say, i told you so. they believe that once the build back better bill, the climate and social spending bill, was de linked from the infrastructure package, they believe it was doomed. >> some of us took up with that and the president did say that the bipartisan, i mean, the build back better act was promised and that he's got it, and we said, you know, with respect to the president, he can't, no one can really promise a manchin vote. reporter: manchin says he will not be bullied to vote for the bill, when he believes
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that west virginians are not on board with this part of president biden's agenda. >> they figure surely to god we can move one person. surely we can badger and beat one person up. surely we can get enough protesters to make that person uncomfortable enough they will say i'll vote for anything, just quit. guess what i'm from west virginia, and they can just beat the living crap out of people and think they will be submissive. period. reporter: there are other things that could be roadblocks for biden's social spending package besides joe manchin. the senate parliament ruled mission provisions could not be included in the package and there's disagreement including state and local tax deductions for some of the wealthy and of course, senator kyrsten sinema still has not been won over so until all of that is squared away all of this could mean that build back better actually becomes build back never. david? david: hillary, thank you very much. well with spending a hot topic on capitol hill, one democrat
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congressman is pushing for yet another covid relief bill, fox news congressional correspondent aishah hasnie joins us to break it all down for us, aishah good to see you. reporter: david good to see you. do you know what, with the manchin news though it's really hard to wrap your head around how this congress in this moment could really try to push a massive spending plan, even if it's a covid relief plan but that's exactly what congressman jamal bowman wants, he's ready to spend billions more on covid relief tweeting this. we now lost 800,000 american lives to covid-19. with federal intervention, a defense budget is 770 billion a year, but we are not doing enough to defend ourselves against a global pandemic that's killing us. now, he may have some wind at his back right now in this moment with the spread of the omicron variant, but it will still be a tough sell with the rise in inflation and a new fox business poll reveals 68% of
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americans are extremely or very concerned about covid but a whopping 84% are worried about inflation, so it shows you where the priority is. now congress came together to pass the first covid relief package but last week minority leader mitch mcconnell reminded reporters that house and senate republicans did not vote for the american rescue plan this year that flooded the country with money and he calls it a mistake. >> we had come together on a bipartisan basis to spend an enormous amount of money and to drive up the national debt a very significant amount and a 100 year pandemic but our colleagues on the other side seems like they couldn't stop, wanted to keep on spending. reporter: so david, progressives may not have an issue passing something like a covid relief package in the house but a 50/50 senate especially with what just
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happened with senator joe manchin and bbb, it looks like it's going to be a tough sell. david: i would say so, aishah, thank you very much. well our own larry kudlow was one of the first people to telegraph that senator manchin would stand firm on his commitment to oppose a bill that americans simply could not afford saying that a show earlier this month, congress should "save america and kill the bill" and the great larry kudlow joins me now and first, larry, we've got an award here. we figured it was time for a winning phrase of 2021, here it is. the winning phrase of 2021 "save america, kill the bill" it's of course your favorite treat. i should give a free advertising , but this is for you can pick it up after the show. larry: thank you, david you're very kind. david: the white house already has started at attacking senator manchin calling him essentially a liar suggesting that his un patriotic. if they lose manchin, they lose
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the senate. does that make any political sense at all? larry: no, i mean, it's just, look the white house does stupid things on a regular basis. this is one of them, calling him a liar is legislative malpractice for heavens sakes. this thing is dead, okay? and it's dead next year too. i don't want to hear more covid spending and that stuff will never get through but let me just note this. you have all these crazy people, bernie sanders and aoc says she has more people in her district than manchin does. first of all west virginia has a million and a half people. her district has 700,000. he got 250,000 votes last election. she got 150,000 votes, but all this stuff, there would have been a bunch of senators let me just tell you, sinema, mark warner, tester, maybe even mark kelly. there's a bunch -- david: you think they are all against it? larry: i do. they just let manchin be the
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blocking guard and he did a heck of a job. my hats completely off to joe manchin. he's the guy who ended this thing, and i don't believe for one second that this bill has any life to it next year. i don't believe that at all. i do think it's possible that the dummies in the white house will try to resurrect something that's remotely similar to that, maybe. it'll be a different bill but here's my take is this. the only way joe biden saves his presidency, which is now in grave doubt, his whole agenda is down the drain, is to do what bill clinton did 25 years ago, and pivot to the middle. david: but larry they're doing exactly the opposite, just attack manchin. it's kind of like a spoiled child who can't get his way on everything, and by the way, they have no mandate for this. it couldn't be more evenly split 50/50 in the senate so there's no mandate for a fundamental
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change in the bill. larry: i don't think they will do it. you've got all these radical left wing progressives in the white house led by ron clay man the chief of staff who they call the inside prime minister, but it is worth thinking 25 years ago after hillary was shalacked, and bill clinton jacked up taxes and got murdered in the mid-term elections and lost both houses and in the next state of the union address, 1995 clinton said the era of big government is over. that is the only thing that's going to change. failing that and i agree with you, they won't go that way. then his presidency is doomed. we will shalack them in the mid-terms and 2024 the republicans will beat the democrats. david: say what you will about bill clinton he was a political genius in many ways and he did realize the americans didn't want what the people behind him were pushing. it would take a person with political cabbies you men that i don't think biden has right now. maybe at one point he did but he doesn't have that political accu
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men. larry: i would agree, bill clinton was a very smart fellow and working with newt gingrich and the republicans on welfare reform and cutting the capital gains tax i totally agree with that and bill clinton kept hillary out of the oval office for the next four years, no more hillary and nationalizing healthcare but this is different , you're right quite. it's a different group and manchin has done the nation a great service on this , in my opinion. i think he had some help more quietly from kyrsten sinema who, look, she was the one that pulled the plug on higher tax rates, on corporations, on individuals and capital gains, and now they tried to go around that with these taxes but that won't work either. one of the things that manchin said yesterday that i really really really liked, he said, we would have wrecked our nation's electricity and power struggle. look, you can't go to renewables at a rate that is faster than the technology or the markets allow. that would have catastrophic
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consequences like in texas and california. his chairman of the natural resource and energy committee have been giving money but you can't push this agenda on the rest of the country because we can't do it. david: just to remind folks, $555 billion of that bill was for climate change issues which would probably mean, by the way, higher gas prices, because that's all oriented towards killing fossil fuels. larry: across the spectrum, higher natural gas prices, higher gasoline prices, higher oil prices, higher electricity prices would have been disastrous. david: also had irs super sizing it too. larry: yes, i love that, snoop , snoop, snoop, it was a great song when we were kids. david: i remember. larry: the other thing is manchin made it very clear this is a transformational bill and he doesn't want that transformation and he even raised the issue of national security, because you know, if you bankrupt the country, who knows we may have to do
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something with china, we have to do something with russia, certainly we hope not but that's possible. manchin is saying this puts us up against a wall, and we shouldn't be against a wall. let's not do it. david: he wouldn't allow himself to be confused by this so-called creative accounting to put a kind face on what they were doing in terms of spending. he said as long as you have all of these things in it, it is going to cost more of what whar ton said and more of what the cbo was saying over a 10 year period it's not 1.7 trillion it's more like four or 5 trillion. larry: yeah in his statement the true cost of the build back better act, he was afronted and i am too. i mean, i don't always side with the cbo, but the whole country is afronted. you talk about transformation, all right, then you say we're going to have a child allowance and a child tax credit for just one year, by the way with no work requirements which also offended manchin, and myself. one year, no.
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transformation is forever, so the cbo scores for 10, it turns out it's a $5 trillion bill which is what we were all saying anyway. he's spot on. inflation is problem number one, we do not need more spending, and, david, we do not need more money creation either. let me tell you, three-quarters of a point fed funds rate is not going to solve a 7% inflation problem. that's all the feds talking about, so there's going to be issues on that front as well. david: how much longer will this , will the democrats in general act as though they have a mandate when they don't to fundamentally change because as you mentioned it's not just the money. the money is the key point here but it's also these other things , where they want to change immigration, whether it's the way the irs can snoop on what you make. it's a whole fundamental change that would require the kind of mandate that fdr lbj had and they don't have anywhere near that. larry: nothing near that. david: so how much longer, are they suicidal, willing to see
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the end of the democratic party or what? larry: who was it napoleon said when your enemy is destroying himself, just go ahead and let him do it? i'm not a democratic strategist, i admit i started out as a democrat about 50 years ago the last democrat i worked for was daniel patrick moinahan, who wasn't a democrat except on election times, i've been a reagan guy, now i'm a trump guy, i'm my own guy. it's up to the democrats. the country does not want the product they are selling and there's no way they can get around that. david: once again, here's the prize for the winning prize of, the winning phrase of 2021 " save america will the kill " you heard it from larry kudlow first, don't eat it all at once, okay? larry: [laughter] david: coming up the state department confirming more than 60,000 interpreters and visa applicants remaining in afghanistan depete wanting to get out, the latest on the efts
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to evacuate some of those individuals not done by the u.s. government, done by private individuals that got americans out of afghanistan over the weekend, more on that when we return. ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born to care.
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concerning consequences of their service, the department of veterans affairs estimating 3.5 million troops have been exposed to the toxic smoke from burn pits that the were used to destroy waste over the last 20 years. now one veteran is doing his part to reduce some of that waste. fox news national security correspondent jennifer griffin is live at the pentagon with the details. jennifer? reporter: hi, david. well, the supreme court is slat ed to take up the case of a former army reserve officer and texas state trooper who says he was forced to resign by the texas department of public safety after returning from iraq disabled by his exposure to the military's 10-acre open air burn pit. another army veteran, who we spoke to exclusively, is fighting to have burn pit exposure recognized by the va and congress. he served as a helicopter pilot at camp spiker in 2007 and
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that's when he was exposed, like many military bases, during the iraq and afghanistan wars, everything from plastic bottles to medical waste, was thrown into burn pits, a crude method of crash incineration. it wasn't long after he returned home he started feeling the effects that burn pits had on his body. >> about six months after returning from iraq i was struggling to run and i was wheezing a lot and coughing a lot, and i found that my lungs were that of a 70-year-old when i was 33 years old. reporter: in 2019, while dealing with his own lung problems, for more than a decade after leaving iraq he started sheets laundry club, which shies away from single-use plastics for packaging. back in november of this year, he appeared on shark tank, daniel lubetsky, founder of kind snacks agreed to back his mission. >> he was telling us his story about what he went through. my basic thought is well how can i give back to someone that has
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served so much to our nation. reporter: a group of bills currently on capitol hill aimed to make burn pit exposure a pres umptive condition for va health coverage the cost about $282 billion over 10 years in november, the va and white house made covering burn pit exposure a priority. president biden believes his own son beau' cancer resulted from it. david? david: jennifer you do so much to report on issues concerning our veterans. i'm so grateful to you for that. great report, i appreciate it. reporter: thank you. david: dozens of americans evacuated from afghanistan thanks to a private organization called project dynamo. they arrived at new york's jfk airport and included an 11 month old american citizen. this was extraordinary. this as thousands still remain stranded in kabul. let's bring in former trump foreign policy advisor, walleed
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ferris. first of all the extraordinary effort that went into this project to get those americans and the permanent residents out, it's just amazing. do you know anything of the back story of how it was done? >> well, actually, this is a private organization, as we all know, right now. obviously they had very large difficulties in proceeding because this is not a u.s. initiative folly. of course the target ban had to be addressed but not just the target ban. local forces, tribes, or other forces on the ground had to be dealt with. every american citizen, we are withdrawing is a win. every group of american citizens , including also those afghans who helped us and have security clearances and that kid as well is a win. the problem is how long it is taking. its been five months now and we still have american citizens and other allies in afghanistan. david: well, walid, five months ago or four and a half months
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ago, we had word from president biden that u.s. troops would not be pulled out of afghanistan until we got all americans. let me just remind folks and play that sound bite. go ahead and roll tape. >> all were supposed to be out by august 31, even if americans and our afghan allies are still trying to get out they are going to leave. we're going to do everything in our power to get all americans out and our allies out. >> does that mean troops will stay beyond august 31 if necessary? >> it depends on where we are and whether we can ramp these numbers up to five to 7,000 a day coming out. if that's the case, they'll all be out. >> you've got like 10-15,000 americans in the country right now, right? and are you committed to making sure that the troops stay until every american who wants to be out is out? >> yes. david: well as we know and as this incredible rescue points out, that was a broken promise, walid. >> yes, look.
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the american public is not clear , the congress is not clear as to what happened between let's say march of this year and the date of when american troops started to withdrawal. we really don't know what was the policy. was it a policy that would connect with the previous administration, taliban deal, whereguy the taliban had to be disarmed or was it the policy of encouraging or letting the taliban actually invading or taking over and then we are rushing and hurrying to withdraw our forces and of course they tell us that we saw at the airport. this whole thing is not clear yet to the american public. david: and we're still not getting a straight answer about how many americans are still there. how many permanent residents are still there. we know there are tens of thousands of these special immigrant visa holders that are still there, but do we have any, do you have any specific numbers because we're not getting a straight answer from the state department about how many americans remain behind enemy lines. >> the one party that knows is
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the u.s. state department or the u.s. government in general, the problem is, we were told, we thought, by the administration that there was an agreement with the taliban. remember that the phrase "our taliban partners" so we were supposed to have sat with them, negotiated the numbers, everything be perfect and not stretched a withdrawal for months and months and still having a question mark about how many u.s. citizens and allies are still there waiting. this is very serious. david: how dangerous has afghanistan become since the withdrawal? >> well now we have, i know many people may not agree with my terminology, we have a jihad state, the taliban as far as i know, and maybe you know, has not changed their ideology. they are changing their tactics, gaining time, and the problem here, going back to the issue of extraction of u.s. citizens is it takes long, i know, from my own assessment and sources that
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the taliban are taking their time. why? they want us to be paralyzed in deciding about what is the best future for afghanistan in terms of their relationship with us. now you see the countries around them, iran and pakistan and russia and china all involved and we are very nervous about getting involved in anything, because we still have u.s. citizens and allies on the ground. david: thank god there is one 11 month old american who now has a future because of the extraordinary brave work that was done by project dynamo and all of their officers in afghanistan itself. at great risk to themselves, wal id phares, good to see you. coming up florida governor ron desantis taking aim at other states aggressive covid policies we will bring you his comments and reaction from someone who is fleeing to florida when we come back. ♪ that's what it's all about,
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david: so, omicron may not be as harmful as other covid variants but its infection rate is frightening new york state setting a single day record for positive covid cases for the third day in a row after 22000 people tested positive on saturday. fox news correspondent david lee miller, live outside of a covid testing center in new york city with the very latest. david lee? reporter: david, we're on the upper east side behind me a covid testing center. you can see for yourself, there is a long line of people waiting to get inside the facility, in order to be tested. this is a scene that is taking place throughout all of new york city. this despite the fact that there are temperatures hovering near freezing. new york city mayor bill deblasio just announced today
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that the city is going to open additional testing sites. the city will also be distribut ing half a million home test kits. the latest data provided by new york city shows the percent of people testing positive is on the rise. the seven day average is just over 7%, one week ago it was less than half that. also increasing in the city covid hospitalizations and deaths despite the wave of new places, the mayor says shutting down the city is not a consideration thanks to vaccines >> we're going to double down now on vaccination to avoid shutdowns, to avoid restrictions i do not see a scenario for any kind of shutdown, because we are so vaccinated as a city and because we have the ability to get a lot more vaccinated. reporter: two days after christmas and just before he leaves office, deblasio will impose the strictest vaccine mandate in the country, all private sector employees in the city must be vaccinated or they cannot show up for work.
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the spike in cases is taking a toll on the city. radio city music hall canceled all remaining performances of its christmas show, and the next two games of the brooklyn nets have been postponed. the restaurant industry is also hurting here, dozens of eateries have closed because of workers testing positive. anyone eating in a restaurant must show they have been vaccinated before they can enter and they must wear a mask when they are not eating. the question though on the minds of so many new yorkers as well as tourists is what is going to happen on new years eve will the new years eve celebration in times square go ahead as scheduled? as of now, mayor deblasio says yes but he says talks are underway to possibly cancel or modify that event. he says the city is going to announce those plans in just the next couple of days. david? david: like that line out of the godfather just when you thought you be able to get out they pull you back in again. it's unbelievable. david lee, thank you very much.
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well florida governor ron desantis slamming covid mandates and lockdowns calling other states restrictions "insanity." take a look. >> at the end of the day, in florida, floridians know, we will not let anybody lock them down, we will not let anyone take their jobs, we will not let anyone ruin their businesses, and we will not let anyone close their schools, so people are going to be able to live life, be able to make their own decisions. i can not believe that something that started with 15 days to slow the spread now almost two years later, you're seeing lockdowns and closures? david: reaction now from new york post columnist karol markowicz. great to see you. you are a life long new yorker, but you made the move down to florida. just describe how it feels, the difference between what's going on living in new york right now and living in florida. >> so unfortunately, i'm still in new york. i have a few more days left. my kids are finishing up this school year, until the
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holidays begin. it's a marked difference because i live in fear everyday of schools closing down. my sons are actually home today because one of their teachers tested positive and i took the other one out because it was just impossible to get to the school twice in one day. we live in a situation where we can't face reality about what living with covid is really like we're going to continue to quarantine people who don't need to be quarantined, we're going to continue to close things down i fully expect new years eve to be canceled because we continue to do crazy things like canceling outside events where everybody will obviously move inside and celebrate that way, so i have no, i just don't believe anymore, i don't have any faith that new york will react to anything in a sane way. i'm not a doctor. i'm not a scientist but i've been predicting this spike for months because it was so obvious that this virus follows a seasonal pattern and we were going to get it and that's it. david: well and it's a quality of leadership that is upsetting a lot of people living in states like new york where every day,
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there seems to be a different mandate, a different rules concerning mandates, et cetera. desantis has been pretty consistent and it's that consistency that i think appeals to a lot of people. >> that's huge for me. that's actually the main thing is that i know what to expect from governor ron desantis. david: and businesses know as well. >> yeah, well, i had met so many even democrats when we were in florida last year who gave so much credit to governor desantis for saying look, i'm not going to let them close your businesses. you can operate a business on that model because if you're living in fear of the government shutting you down at any minute let me assure you new york city businesses do live with that fear all the time. you can't really run a business that way, and we're going to see restaurants shutting down, we're going to see businesses going out of business. this is going to have a real impact in new york that people don't know what to expect. david: the other problem with leadership, at least in new york , but it's happening in california and michigan and other states in country, is they seem to have dropped the ball on
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therapeutics. we have this remarkable, because they are so focused on killing out covid entirely, which doesn't seem to be possible. we're all going to have to live with it probably for the rest of our lives and our children's lives. that's why the focus on therapeutics is so important and yet, i just talked to a doctor over the weekend from a new york hospital who said they are totally out of monoclonal antibody treatments. completely out of it, there has not been a stockpiling of that very important therapeutic, again not all of those are helpful with omicron but at least one is, and yet, we don't have any of it. >> right. i spoke to somebody who had covid at the beginning of this spike so not even in the last few days where things are really intense and she and her husband had to go to new jersey to get the treatment because it was not available in manhattan where they live at all , and so that kind of thing, again, really causes people to leave, it drives people out, like why isn't the government
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acting on something that we all knew was going to happen. what's the point of these people who keep issuing mandates and dictate, you know, don't consider therapeutics at all. we have to move forward and i think new yorkers really need to demand from their government that they do that. david: karol, we have to run but is there anything that would bring you back to new york? i know you still love the city. >> i do. i don't think there's anything that could bring me back in the short-term. i just lost all faith and trust. looking forward to living in florida. david: good luck to you. by the way we do have a new mayor that comes into power in the first week of january so we wish him all the best. >> yes. david: coming up oil prices sliding as omicron fears are raising concerns over future fuel demands. phil flynn is here to break it all down, right after a short break. ♪
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david: welcome back and take a look at oil prices, sliding today to fears about a global slowdown, because of the omicron variant. phil flynn joining me now to break it all down for us. first, it's an interesting chart that you see there on the left side of your screen. it went down to about 6%. it's now down a little less than 4%. what brought it up a little bit, phil? >> i think there's two narratives out there, dave. the short-term fears about demand destruction that really hasn't happened yet, versus the fact that demand right now is pretty darn strong, so you've got these two things that are happening at the same time. there's a report that the uk right now is not going to add anymore restrictions. that seems to be bringing the market backup a little bit, and you know, we also have seen a situation where we're going to be facing the oil inventories
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this would echosystem which should see a substantial drawdown in inventories so that's going to have a major impact on the markets comeback later on and the other thing of course is build back better dying, that reduces oil production expectations as well, but actually good for production but bad for demand. david: good for production because there are a lot of so-called climate change issues that the could have hurt production if it's not passed and maybe fossil fuels will be given a little break, but i'm just wondering if it does continue to stay well-below $70 a barrel, could this reverse the inflation that we've seen at the pumps? >> i think for the short-term you're going to see prices come down a little bit, but we're probably going to pay for it on the back end because a lot of the sell-off is based on fear, not reality. now, if producers react to the drop in price and say hey, demand is not very good and we're going to cut back even more investment on the back end when demand starts coming backup
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, then we're going to be short supplied. in other words, david, if omicron doesn't kill demand, as much as the market thinks we're going to probably see a price spike right after the new year. david: and that's when things really get cold in the northeast and your hometown of chicago how about heating fuels? are we going to see any relief because we've seen huge jumps in prices there, well over 30% for natural gas. >> well you gotta thank mother nature on this one, dave. so far winter hasn't been as bad , and i'll tell you this. if we didn't have this warm start to december we probably would have seen prices that would have been substantially higher. i'm still worried about the propane market, still worried about the natural gas market. if the weather changes dramatically which some people are predicting it could, we could see those prices really start to spike up. a big run up here but in the short-term, you know, the weather has been on our side so that's kept the prices rather tame. david: phil, very quickly, do
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you think the administration is going to, if we don't see a drop in prices at the pump or for heating fuels, are they going to stick with their claim that there's price gouging going up and that rather than their own policy is responsible for inflation? >> they can claim it all they want. claiming it is one thing but proving it is another and there's absolutely nothing for prices. david: you heard it from phil flynn, he knows prices phil thank you very much good to see you my friend appreciate it. well, coming up drill el a is predicting a record shattering holiday travel season but will omicron fears slow things down? we will be asking travel expert mark murphy, when we continue. . to fill portfolio gaps and target specific goals. strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully.
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david: covid reeking havoc on the nfl the league undergoing game scheduling changes and covid testing changes for its players. grady trimble is live outside soldier field in chicago with the details. hi, grady. reporter: hey, david. you've got your regularly scheduled monday night football programming here at soldier field between the vikings and the bears but you also have some rare, i guess you could call it, bonus weekday games taking place today and tomorrow when you have the las vegas raiders and the
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cleveland browns matching up tonight and then tomorrow night the seahawks take on the la ram s and the washington football team play the eagles. that's because a bunch of games from the weekend were postponed to today and tomorrow. on top of that, the nfl is changing its testing protocols because some players were saying hey, we feel perfectly fine but because we tested positive, we now can't play and we're in isolation, so the nfl says no more weekly testing for players who are vaccinated and not showing any symptoms. instead they are going to do targeted spot testing of certain position groups. they are also going to require masks indoors for all players and staff. the nfl not the only league though dealing with these challenges. the nba had to postpone several games, same with the nhl. in fact several teams are on pause, nine in total, the latest are the columbus blue jackets and the montreal canadians shutdown through at least the holiday break, cross border games between u.s. teams and
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canadian teams, they're also postponed so the outlook is looking pretty bleak for nhl players hoping to play in the upcoming olympics for their country, because the schedule is getting all shifted, so many games have been postponed they might run into the olympic period as well so a lot of issues with the professional sports, same thing going on with college sports and the ncaa, david, a lot is in flux, the bears have 14 players on the covid list so even this game tonight has already been scheduled for monday night, is in jeopardy. hopefully it goes off without a hitch though. david: wow hopefully, grady, thank you very much for that appreciate it. well, triple a projecting holiday travel numbers are going to rebound to near pre-pandemic levels this year, but, but, but, will they surge in new covid cases cast some doubt for the travel industry's turn around, travel expert mark murphy joining me now with more. hi, mark. what do you think? there is this kind of, it
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depends where you are, but here in the northeast there's this general panic, hands up in the air, down in florida and texas much less so. what do you think is going to happen with travel now, with the holidays and omicron? >> well i still think it's a complete overreaction given the fact that what's taken place in south africa where they aren't doing contact tracing, they aren't quarantining, and they are seeing incidence of cases dramatically fall off a cliff in a good way, so if they look at that data, one would think what's the panic about which is what that south african doctor was wondering when the world wanted to shut everybody out from the countries in africa. i think what's going to happen as you see the nfl so they move a game from sunday to tuesday, now they say they aren't going to test vaccinated people, so all of a sudden why don't we apply that to travel? use common sense. if it's good for the nfl, why isn't it good for the person getting on plane? david: so the nfl is our standard bearer i like that idea omicron restrictions.
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they really vary tremendously again from state-to-state, we have these tough vaccine mandates here in new york, almost no mandates in places like florida and texas. airports, you and i have talked about this before. do they differ from state-to-state? >> no, that's under federal rules and mandates, so whatever is going on in one airport you have to adhere to it in all airports pretty much in an airport you have to be masked there's no vaccine requirements for domestic travel although democratic congress folks would love that which i think is ridiculous to stop interstate travel if you aren't vaccinated, beyond over-the-top and the reaction like take new york, the governor of new york preemptively said we're going to cancel all elective surgeries and procedures in the hospitals prior to ever seeing a case of this new variant, and while they've done that, south african is going the act opposite way. i don't think the right arm
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knows what the left arm is doing when it comes to public health. more and more is getting exposed as the censorship can't hold the damn back and it's bursting and we're at the end of this , people are fed up. they want to go out and explore things and destinations like mexico are booming because they don't have mandates and take airplanes, that mask requirement you heard kelly from southwest say last week that masks aren't even necessary on planes because of the filtration and nobody that has a science degree wants to step out of line because of the funding and all the things that could be put in jeopardy. david: we only have a couple of seconds. a lot of people are dye together get back on to the cruise lines. what are their requirements and are they taking a more lassie-faire or stricter way because there was a recent cruise where just about everybody got, this new omicron covid right? >> well, so the royal caribbean cruise just came back with 48. they had the vaccine mandate for 12 and up, ncl norwegian
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cruise line had a mandate with an outbreak about 17 so it's a small number relative to the total that's on royal caribbean 's ship that has 6,000 passengers and crew, so it was a tiny number, and none of them showed a single symptom, so again, you have to be tested to know you're sick. yeah as you can tell i'm at the end of my rope with this , and i'm not even traveling, david. i'm not even traveling i'm staying here in florida. david: bottom line we only have 20 seconds but what do you think is going to happen? are americans going to go out despite omicron? >> yes. absolutely. the ones who have been scared and huddling in place will continue to do that. everyone else is moving on with their lives, god bless them and have a merry christmas. david: you have a merry christmas too, mark. great to see you mark murphy appreciate it. a quick market check before we go. we saw a down day much worse when we began this program. we're not claiming any credit for coming back a little bit, because it's still down 505
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points on the dow. oil has recovered a bit as well, but we got a long way to go before the end of the trading day, but it is a tough day for markets. more cavuto "coast to coast", when we continue. ♪ when traders tell us how to make thinkorswim even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. because platforms this innovative, aren't just made for traders - they're made by them.
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your strategic advantage. david: believe it are not it is not all red in the markets today. staystay-at-home stocks surging ahead of omicron fueling new fears of lockdowns. shares of netflix, clorox, chewy all up. sounds familiar, doesn't it? not a good way. neil is back tomorrow. my friend charles payne is next. charles: hey, neil. david, thank you so much. david: yep. charles: all right, folks, good afternoon, everyone, i'm charles payne this is "making money. breaking right now the markets are in broad retreat as investors grapple with the new threat of lockdowns, reaction to the spreading omni cron variant. jay powell, 3.0. bigger longer term issue. run away inflation. joe manchin making it official, he is no on build back better. this is a bombshell. i've been saying for a bombshell
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