Skip to main content

tv   Cavuto Coast to Coast  FOX Business  February 1, 2022 12:00pm-2:00pm EST

12:00 pm
silver lake, colorado. now you know. 75 inches. that is a snowfall and a half, isn't it ashe arb won't complain again. stuart: see you tomorrow. now then, david asman in for neil cavuto of course. i have to tap dance for seven or eight seconds so i to him exactly at 12 noon, three, two, one, david, it is yours. david: incredible, stuart, you're right on time. god bless you, man. wouldn't you rather be, all the wonderful stories you could tell about snow i would rather be in miami. end of january, beginning of february, i would rather be in miami. thank you, stuart, i appreciate the extra second there. welcome to cavuto "coast to coast." i'm david asman in for neil cavuto. we have a jam-packed hour of news coming your way. the biden administration expecting a defensive play with expected weak jobs report for january.
12:01 pm
the white house attempts to intersent the narrative the crime crisis of our country. there is a narrative they have from the white house. our reporters break undo the latest own that. plus football legend tom brady announcing game over. the seven-time super bowl winner is retiring leaving a lot of folks wondering if the money from fans and sponsors will be sidelined too? sportscaster jim gray will join me in a moment. vladmir putin charging ahead with his russian troop build up near ukraine and using energy as a weapon. we have a live report from ukraine coming right up. but first the white house bracing for potential negative headlines for jobs with press secretary jen psaki setting the stage for what is expected to be a slowdown in growth. edward lawrence is at the white house with details. hi, edward. reporter: david, getting a little preview today, the jolts report, the report that measures job openings in the u.s. 10.9 million jobs are open, far outpacing 6.3 million people
12:02 pm
unemployed in this country. also in december, 4.3 million people quit their job. that is just off, but just off the record from november. now, all of this ahead of the jobs report on friday. that is the big report. there has been a coordinated out of this white house to lower the bar on job expectations. today white house economic advisor brian deece said the numbers will be lower because of omicron. the white house spinning this up and down the administration. listen. >> we kind of want to prepare people to understand, how the data is taken, what they're looking at, what it is an assessment of, as a result the months job report may show job losses as a result of workers out sick from omicron at a point it was peaking during the week the data was taking. reporter: expectation for the jobs report on friday is 153,000 jobs added back to the economy. you can see the trend here with the estimate for jobs added back in january. it is not going in the right direction. so going farther than that,
12:03 pm
gallup has been tracking voter satisfaction with the economy n january of 2020, more than 60% of americans rated the economy as good or excellent. that number now, just 18% today. one year of this administration's policies and republicans say they know why. listen. >> economists said this inflation is exactly, exactly what would happen if democrats pushed ahead with their reckless spending sprees. the economy simply did not need. reporter: inflation far outpacing the wage growth and erasing that we're seeing. back to you. david: exactly. people feel underwater with all that news. thank you very much, edward, i appreciate it. american manufacturing getting a boost as more and more companies are getting sick of dealing with higher shipping costs and delays from china, so, this is good news, they're turning to domestic solutions. jeff flock is in hatfield, pennsylvania, with the story. it's a good news story, right, jeff? reporter: oh, it is a great
12:04 pm
positive story, i think, david. hopefully there are enough workers out there. you're looking at plastic parts typically get made in china. that is where we outsourced all of this stuff too but now coming back to the u.s. we'll show you what these are. i have to ask, don't want to screw this up, mess up the machining there, what am i looking at michael? >> very precision pipettes to make sure all the samples you get, covid kit or other kind of sample is taken, pipetted into the hospital system so they get accurate results. you. reporter: you brought this back into the u.s. >> we did the. reporter: we heard about reshoring, political thing or burnish my image. but jobs are coming back. why? >> they are coming back but the biggest reason the supply chain shocks we've seen they have to have alternate supply chain. they can't be totally reliant on china. whether 20% or 30% or 40% in the us, having duplication,
12:05 pm
flexibility is key. reporter: i want to show david some of the other stuff that gets made here. what am i looking at? show me this? >> these are lip obama containers, making 30, 40 million a year. these are more assay holders for the test kits themselves. you see in hospitals. reporter: toys. this is tinker toy. >> can do it with toy, anything. do it with tinker toys. connect. lincoln logs not made here, made out of wood. reporter: david look at numbers in terms of what american companies are planning for the coming year. 54% of companies surveys said they will reshore this year. that could bring $443 billion back into the u.s. market. i want to leave, david, with a picture perhaps of this, as well. this is test squad swabs. >> these are swabs with he started developing with a cancer center in philadelphia. making 10,000 week for them.
12:06 pm
we're making a million a week. reporter: grab that. >> sure. there you go. good thing you're tall. here they come. reporter: i knew that would happen. i would set it off. >> okay. there we go. got to love it. so we patented these swabs during the pandemic. safety stuff works which is also good. these traps more comfortable to put your nose. won't do it on camera. you will love doing testing with these. reporter: they did this, david, they found that china was the only supplier. they were not getting them from china. you started making them. >> that's right. reporter: michael arrington is long-time eadvantage gellist of reshoring. david: a great story. terrific story. i'm so happy the workers are coming back. no matter how good the schwabs are i will never like it when they stick it up my nose, twirl it around no matter what they do.
12:07 pm
so glad it is being made here instead of china of all place. thanks very much, gang. good report, jeff. congresswoman alexandria ocasio-cortez is now saying corporate price gouging is what is causing an increase in inflation. former white house office of management and budget director russell vogt is here to talk about this. you know ever since, thanks for coming in, russ. ever since biden used that phrase to talk about why oil prices are up because of price gouging of oil companies after increased regulation, shut down the pipeline, did everything he could to make it more difficult to manufacture oil and gasoline here in this country, i thought the next step after that is price controls. i would think, i know aoc, i think she minored in economics. she should know something about, i'm sure her idol richard nixon who was a big fan of price controls. how did that work out? >> not too well. i mean, it is so embarrassing not just to resurrect the
12:08 pm
problems from the 1970s but also to resurrect the excuses from the 1970s and to suggest we're going to be able to get out of this jam that we're in as a result. what will we do? bring back whip inflation now buttons, encourage the creation of inflation gardens? no, we need a fundamental change. sometimes the obvious answer is the one that is right in front of us. that is when we have massive increases in spending, upwards 10% in the course of the year compared to gdp that is the answer in front of us. that is what they are refusing to tackle. david: russ, not only the excuses but drawn toward favored policies. i used to cover latin america. every country i went to that had experience with inflation, brazil, argentina, mexico, they always talked about the price gouging the next step were price controls. they always, always, always, led to shortages. now we already have shortages
12:09 pm
let's face it companies will not produce something at a loss. they're in the profit business. that is why they're in business. they can't produce something at a loss. if you have price controls you force them to do that they stop producing, you end up with shortages. it always happens. wouldn't that happen here if they go the price control route? >> it would. as you mentioned, americans are already facing shelfs that are depleted. you know when you're in a situation where you have price controls economically consumers overconsume because they're scared about the fact that that thing that they need to buy that is critical for their family won't be there down the line. and so that is what happens in that kind of situation. so these policies don't work. we learned that 40, 50 years ago, and as a result of people being unwilling to learn from economic history and sound economic doctrine we're looking at a series of problems that they don't have answers to. david: it really could get even worse than it did in the '70s,
12:10 pm
because after price controls, there is another step. it is called nationalization of industries. you don't have certain products consumers need. people won't produce them at a loss then you have the government take over certain industries that could be where aoc and fellow socialists want to take us? >> yeah. i agree with you. i think they are always looking at the economic policies that are pushing our directly tied to the goals that they have for society. and the other aspect right now that we're facing that we didn't in the 1970s is the ongoing uncertainty of other country's economic policies coming to covid. when you have china shutting down ports, when you have other countries, we don't have control over those policies that is added level of uncertainty we have to throw into the mix. david: now another problem from covid is people getting accustomed to government handouts. it is not just on the individual level, keeping people, keeping workers at home but on the corporate level.
12:11 pm
there was so much money passed out. guess what? for all those trillions of dollars that were spent, now all of these providers are asking for more handouts. they have not been as profitable as they thought they would be. it is coming from health care providers. coming from restaurateurs, et cetera, they're asking for another relief fund, another trillion dollar relief fund. first of all where has that money gone? we saw with the awful incident of testing and non-tests even though we spent 77 billion for them a couple weeks ago with the onset of omicron, we were missing money there. is there anybody doing your old job of tracking the money that government is spending? >> yeah. i'm sure they're tracking it. my guess is they have not released i to the public. we have not seen updated numbers what has been spent. so my guess is there is quite a bit of resources that has been already appropriated that has not been spent out.
12:12 pm
the other aspect of, people have grown reliant on this money. there is no amount of money in washington that ever will make some of these provider groups happy. once you set the precedent that the federal government will come to the rescue for them or state localities. david: you have waste and fraud which is a huge part of what has been happening here, particularly with regard to the ppp program, et cetera. but somebody has got to track down where our money is going before we spend another dime. i mean they want to roll out a whole another trillion dollar covid relief plan. it is just crazy, russ, thank you very much for being here. appreciate it. rules for thee but not for me. topical important democrats spotted maskless at a rams-49ers game over the weekend beginning with the governor despite covid restriction in l.a. county. we'll tell you all about when we come back.
12:13 pm
♪ ♪ ♪ you can't buy love. or peace. you can't buy security. you can't buy happiness. you can't buy confidence. but you can invest in it. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.
12:14 pm
12:15 pm
as a business owner, your bottom line whose resumes on indeed match your job criteria. is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable nationwide network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.™
12:16 pm
david: tomorrow a judge will decide if virginia schools have to follow governor youngkin's mask optional executive order. seven school districts in the state are actually suing over
12:17 pm
it. they actually want mask mandates. fox news correspondent mark meredith joining me now with the details. hi, mark. reporter: david, as you mentioned one of governor glenn youngkin's first order of business was to block school districts ability to mandate students in the commodity mon wealth to wear masks. the governor said parent should decide what works best. this executive order went into effect mid to late january. almost instantly lawsuits were filed to challenge the effort. a judge as you talked about expected to hear arguments tomorrow in northern virginia. the governor summing up his reasoning in all of this in the executive order, writing, undervirginia law, parents, not the government have the fundamental right to make decisions concerning the care of their children. now the governor and his new attorney general also argued this goes beyond the traditional legal arguments. they're urging virginia voters, lawmakers, parents, school boards, anyone involved to consider the toll the pandemic is having on family. >> nobody is talking about what is happening to these kids. we have a mental health crisis and we need to make some changes
12:18 pm
too. we're going into year three of this. we need to recognize the impact it is having on his children. reporter: challengers to the governor's order schools need to be able to preserve the authority to protect and our students including most vulnerable that need mitigation measures more than anyone to continue to access in-person instruction. young kip's opponents question the legality, previous laws already on the books, follow cdc guidance to stay open should take precedent over the executive action. either way you have parents, students, teachers all over the commonwealth, eager, impacted by whatever the judge may decide tomorrow. david: absolutely. very interesting case. thanks a lot, mark. meanwhile california taxpayers, particularly parents are outraged after governor gavin newsom was spotted and photographed at the l.a. rams game without a mask. the mayors of los angeles and san francisco were also seen without masks. joining me san diego county
12:19 pm
supervisor jim desmond who by the way as a real job as a delta pilot. some day why i would ask you to leave the real job to get into politics. here is the real question. when will californians get fed up with their marie antoinette-like governor demanding the serfs do one thing and i can do whatever the heck he wants? >> i mean it's crazy. this is hypocrisy, arrogance, elitism all tied up into one bundle here of our governor. even with the mayors of san francisco and los angeles, our two biggest cities. tickets to this game are very, they're pretty high-priced games. much like the french laundrie, you know people, most people can't afford to go there but the electorate hopefully in california is going to wake up. when the governor puts in rules, his own rules state any outdoor or indoor stadiums, 5000 or more, everybody must wear a mask. yet here he is, you know,
12:20 pm
telling us to do one thing and once again doing something else. david: one thing we've learned about omicron it gets through anything. it gets through masks. it gets through vaccines. we have all the people fully vaccinated, boosted, et cetera, that are getting omicron. isn't the time for these, both of the masks and the vaccine mandates to go? >> absolutely. i think the governor has shown us that by his actions as well. yeah, you're right. the omicron doesn't care if you're wearing a mask or not. doesn't care if you've been vaccinated once, twice, three times. this thing spreads like wildfire. most people's masks are ineffective any way with the cloth masks. we know those are very ineffective. kids are wearing them at schools, things like that. we're restricting people to become first-responders, you know, by saying you can't be, apply for a sheriff or a law enforcement physician or nurse's position unless you've been vaccinated.
12:21 pm
i think we have to get on with this, we have to live our lives. it is way past the time for that. david: we have staff shortages at hospitals. you have ridiculous situations now where in order to keep people healthy they're imposing mandates that end up with staff shortages make it so we don't have enough nurses to take care of you at the hospital. we have a situation with you can interesters. of course it is focused in canada right now. trudeau, by the way, who just got covid, even though he has been fully vaxed, boosted and everything, he has this terrible trucking mandate that a lot of truckers are saying is terrible and causing real disruptions with their economy. not everybody up there agrees with it. there's a premier of saskatchewan who says, i am fully vaccinated with my booster shot. this did not prevent me recently contracted covid-19 but i believed it becoming sick. that said, because vaccination is not reducing transmission,
12:22 pm
the current federal border policy for truckers makes no sense and unvaccinated trucker does not pose any greater risk of transmission than a vaccinated trucker. is sanity slowly creeping into this debate? >> i am hoping so because, as you said, it's prevalent everywhere the omicron. hopefully the next, whatever variant of the virus is going to be even less, you know, severe and any side-effects or things like that. hospitalizations were up, they were not even half of what they were during the regular -- i think absolutely the public is tired of it, getting fed up with it. when they see our leaders telling us to do one thing while they do another, it erodes any confidence in government how they are handling the covid crisis. get on -- david: another big thing concerning voters right now, is the crime situation. the white house seems to be dismissing it.
12:23 pm
jen psaki, the white house press secretary spoke to that on a podcast, she was on. let me play that, get your reaction. roll tape. >> on fox is jeanine pirro talking about soft on crime consequences. i mean, what does that even mean, right? so there is alternate universe on some coverage. what's scary about it a lot of people watch that. david: what does soft on crime mean? is she -- soft on crime means you let the bad guys out on the street where they can do more bad things. you have, you get rid of bail entirely and release people the same day that you have caught them for violent crimes. that is happening in new york. it is happening in california. it is happening in chicago, milwaukee, you name it, wherever a democrat party is in control of a city government it's happening right now. that's what it is. why doesn't she get that? >> i don't know why she doesn't get it. i think the alternate universe is the one she's in because the rest of us, we see the crime on
12:24 pm
the streets. the city right next to, i'm in vista, california, north of san diego, escondido town next door had a smash-and-grab recently. the car was stolen 12 miles away the day before. it was a smash-and-grab. i think people are getting fed up with it. defund the police action is just incredible. and the district attorney, particularly in california, i know in other places in the country as well are not even prosecuting some of these people. for a period of time here in california, if you stole a car, well, it wasn't a violent crime, really, you're back out on the streets. it is a misdemeanor, hope they show up in court. it's crazy. i think people are finally waking up. i'm hoping this election year for us in 2022 people will wake up to say, hey, enough is enough. david: i think they have woken up. the question how they're going to vote. they have to go against their stiff left arm, the one they pull the lever with. jim desmond, thanks for being here. appreciate it.
12:25 pm
>> thank you very much. david: it is official, tom brady is retiring. jim gray joining me next on what comes next for the legendary quarterback. stay with us. ♪. as a dj, i know all about customization. that's why i love liberty mutual. they customize my car insurance, so i only pay for what i need. how about a throwback? ♪ liberty, liberty, liberty, liberty ♪ only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ every business is on a journey. and along the ride, you'll find many challenges. ♪ your dell technologies advisor can help you find the right tech solutions. so you can stop at nothing i'm ben affleck ands. i want to thank you for joining me and
12:26 pm
supporting paralyzed veterans of america. i joined the navy to serve my country as a navy seal. i wanted to protect the people i love and the country i love. being a seal gave me so many things, but i gave something too. while parachuting with my platoon, my parachute didn't open. i broke my neck. it left me paralyzed. i realized that everything i had planned for was now gone. paralyzed veterans of america was by my side from that moment on. since 1946, paralyzed veterans of america has kept a promise to our wounded veterans. we will never leave a fallen comrade behind. our vets need you. join me with your support.
12:27 pm
please call or go online now to pva hero.org. your gift of only $19 a month - just 63 cents a day, will provide the life-saving help our paralyzed heroes need now. with your monthly support, you're honoring the sacrifice our wounded veterans have made to defend our freedom. show them their sacrifice has not been in vain. your monthly support will help paralyzed veterans receive specialized medical care, support research and treatments, and fight for the accessibility they deserve. pva fights to help veterans like me from the moment of injury and for the rest of our lives. call or go online right now with your gift of just $19 a month. use your credit card and receive this pva team t-shirt to show that you are fighting for our paralyzed veterans. i just don't think my family would be as happy as they are without the support that i received from paralyzed veterans of america.
12:28 pm
our veterans fought for us. let's fight for them. call or donate online at pvahero.org today. our veterans need you.
12:29 pm
♪. david: well it is official tome brady announcing his retirement on instagram, after nfl, 22 seasons with the nfl and seven super bowl wins. of course six of them were with the patriots. jim gray joining me right now. jim, first question, is the best? >> oh, yeah, there is no question about that. even led call the statistical
12:30 pm
categories this season. he has virtually every record in the record book. you never want to say this but i will say it, many of these records will not be broken at least in my lifetime. you're a younger man than i am i would say in your lifetime. david: i don't know i'm a younger man but thank you for the compliment. the bottom line, beyond the stats, so much who he is is beyond the states. there was a grace there, there was an athletic grace you don't always see in football, sometimes you do, particularly with the catches and so forth. lord, you just loved watching him do what he did. almost like he used a thinking method. he would think i want the ball to be right there and bingo, it was. >> he was just proficient. he had a commitment to excellence. he changed the paradigm. look how many older athletes will follow into tom brady's footsteps. he played until he was 44 years of age. he is not quitting because of anything physical. he is quitting because of the emotional, the need to be with
12:31 pm
his family. he is moving on from something that he is still physically capable of doing, but the tb 12 method, the nutrition, ply ability, all the things he brought to the forefront will be things he will be remembered for. he will be remembered for playing in 10 super bowls. this was his 22nd season. he was a play or two possibly competing in this one. almost half the time he played he played in the super bowl. that is unfathomable. there is nothing like this and we won't again. david: there is also the brady charm. that is not necessarily what happens on the field. he had a beautiful wife, wonderful family. as you mentioned he is leaving football because of the family i think is what he is saying. that charm went a long way. of course joe namath had charm too. he had a lot of problems apparently brady doesn't have. although he was actually charming about admitting to those problems, joe namath was,
12:32 pm
but again it was that brady charm that took him a long way, even beyond football fans. >> he has got a great sense of humor. and i say this all the time, i've been lucky to have been able to do the show with him, let's go, our podcast, our radio show now for 13 seasons. we'll continue. we'll be on next monday night and we'll do it again next year. he is a better human being than he is a quarterback. just think about that for a minute. a better human being. he is just a terrific guy. if you don't like tom brady, then you better look at yourself, particularly if you know him. i know there are 30 cities that hate him, because when he was in tampa, when he was in boston, everybody hates him because he has been beating their brains in forever. as a human being he is terrific. david: there was a controversy, big controversy with "deflategate." there was questions for a while there when we were in the middle of that controversy whether he would outshine, despite the
12:33 pm
stats, whether he would outshine the controversy. he certainly did that and a lot more. >> that was the biggest bunch of garbage in the history of the national football league. somebody at some point will figure out the natural gas laws and deflate. it is so stupid. they could have played that game with pillows. the score was 45-7. could have played with helium balloons. it didn't matter. was a joke. it was a disgrace. it was one of the worst things of the national football league to be look into this. strains credibility. david: i think it needed to look to it. >> to discuss it on the day he retired is terrible. david: we're journalists, you have to discuss the whole ballgame. his statement that is a little controversy, because he complimenterred just about everybody from his teammates to the bucs fans, to the city, his wife and family you about no mention of the patriots. why do you think that was? >> well he wrote a beautiful statement to the fans in boston,
12:34 pm
to the patriots when he left two years ago. i believe via the same outlet, facebook or instagram. that was just wonderful how he spoke about bill belichick and the kraft family and the fans of boston and to his teammates. while it is not in there today, i think if people would refer back a couple years ago, it was, it was just fantastic when he shared his sentiments and his feelings about the city of boston and his time in new england with the patriots. david: you know, there are a few, beyond the football game, there are other, there are other sports where certain individuals shine forever. people like michael jordan, like tiger woods, like arnold palmer. he is really going to be one that people will be looking back, i think general races from now, don't you? -- generations? >> absolutely. he is the muhammad ali, babe ruth, the cliche of mount rushmore he is on it.
12:35 pm
he was great for the sport. he has set records that really will not be comparable and will not be in my estimation broken and the way that he, the way he went about it, we've seen a different tom brady last couple years as well after he left new england. there was more after freedom, more of a sense of fun. so i think we've seen, you know, i think what we've seen is just a tremendous, tremendous athletic career. he is a national treasure. david: he is. >> he will go on with his life and with his family. i'm sure whatever his next steps and next chapter will be we haven't heard the end of it. david: i hope not. i hope you play a part in that whatever it is. jim gray, thanks for being here. appreciate it. >> thanks. david: disorder at the border. i will talk to the montana attorney general who went down to the border to hatch a plan to stop the crossings. we'll talk to him about that coming up.
12:36 pm
♪. (naj) at fisher investments, our clients know we have their backs. (other money manager) how do your clients know that? (naj) because as a fiduciary, it's our responsibility to always put clients first. (other money manager) so you do it because you have to? (naj) no, we do it because it's the right thing to do. we help clients enjoy a comfortable retirement. (other money manager) sounds like a big responsibility. (naj) one that we don't take lightly. it's why our fees are structured so we do better when our clients do better. fisher investments is clearly different. (vo) for me, one of the best things about life is that we keep moving forward. we discover exciting new technologies. redefine who we are and how we want to lead our lives. basically, choose what we want our future to look like.
12:37 pm
so what's yours going to be?
12:38 pm
12:39 pm
12:40 pm
♪. david: it's a big day for earnings today, with the start of the tech reporting after the bell. susan li is here with a previous view. hi, susan. reporter: hi, david, google alphabet is the latest the big cap tech names to report tonight you can imagine cloud growth will be key with google spending heavily to try to catch up with amazon and microsoft. that will be especially with the new apple privacy changes but likely less impact for google than say the pure social media plays like snap and meta and the headwinds they have been facing. google cloud is still losing money, with google alphabet still making the bulk of their
12:41 pm
cash from online advertising. no impact on the bottom line of the impending state lawsuits with google keeping dominant position of online ad revenue. facebook, meta report after the bell tomorrow. amazon, the last of the big five megacap tech names on thursday. in terms of outperformance the big five have outperformed broader than the nasdaq with meta down the past month up 46% for the past year. as you no with earnings the bar has been set pretty high. apple reporting its biggest profit and sales quarter in its 45-year history over the holidays. that means wall street has pretty much priced in a strong report card from alphabet, especially with recovery in advertising spend especially coming from travel. so they just not need to meet, they need to beat and maybe they can surprise with better use of that cashing positioning,
12:42 pm
$160 billion on the books, as you know, david, only these tech names of the big five have that type of cash on the balance sheet and i will be speaking to alphabet's cfo tonight after earnings to see what she says. david: good, cool. good stuff, susan, appreciate it. stocks kicking off february with much less volatility than last month but it's only one day. it is not even one day. the s&p 500, nasdaq coming off the worst month since march of 2020. market-watcher eddie ghabour is here. the good news, eddie, we didn't lose everything we gained yesterday but it is pretty flat today. it still looks like investors are waiting for some direction, whether it is from the fed or from these earnings or from the jobs number. what do you think? >> yeah, i agree. i mean i think the market is going to wait to see what earnings like like this week but ultimately when you look at the setup, i hate being this bearish but there is not a lot of good reasons to buy risk heading into this economic slowdown that
12:43 pm
we'll see going into the next two quarters and the fed has already told you what they are going to do. david: right. >> for me it's a risk-off environment. we've been saying that since november and i would take big rallies, look to reduce risk if you're taking too much risk exposure because second quarter, in my opinion will really be extremely problematic. david: problematic, of course that's kind of a non-committal term but it still could go either way i think. i asked people what they're doing, whether they will invest in the slump of the market or whether they're going to get out at a top like yesterday? they say we're going to wait until, see how the market reacts to that first rate hike. the first rate hike which will be sometime in march i think, is basically going to tell you how the market will weather these rate hike storms, no? >> it will but i think the market will sell off before you get to that rate hike, right? david: sure. >> the market will be
12:44 pm
forward-looking and i think the other components of that is how much lower does gdp get? we were celebrating the fourth quarter, looked really strong at 6.9, i think it decelerates quite a bit over the next two quarters. when you put on top of the inflationary pressure, on top of the fed, more than the fed causing this bearish tone coming out of my voice. to be more direct we think the market is heading lower, much lower potentially over the next two quarters. david: how will the market react to economic news good or bad? we have the jobs numbers coming out, or the numbers of unfilled jobs which had been up close to 12 million unfilled jobs. that has come down about a million. is that good news or bad news because it could be bad news in that a lot of companies just figured they could do without the workers they were hope towing get? >> well we may get into a scenario in the summer months where bad economic news is actually good for the market.
12:45 pm
that may put the brakes on the fed raising rates. i'm in the camp i don't think the fed will be able to raise rates four times or five times like many people are predicting because i don't think the market can handle it. the bond market is telling you that and i think the economic data will rely reflect that if they get too aggressive they will drive us into recession and they don't want that. david: if they don't get too aggression we may get double-digit inflation in a short time. >> that is the problem they put themselves into. that is why we're in a unprecedented time period. i don't want to get in front of the freight train to guess one way or the other. i want to play it safe. david: always problematic to get in front of a freight train. eddie thank you. >> thank you. david: u.s. and russia will hold talks on ukraine today. we have much more after this. ♪.
12:46 pm
your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪♪ matching your job description. ♪♪ ♪♪ imagine getting $150,000 dollars... for one year of epic adventures... in a new dodge hellcat... and you don't even have to quit your day job.
12:47 pm
dodge has created the sweetest gig ever - aka chief donut maker. you'll go from dodge fan to dodge ambassador this is a once in a lifetime opportunity, and anyone can apply. you just need to show you have the drive. are you our new chief donut maker?
12:48 pm
as a business owner, your bottom line are you our new is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable nationwide network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.™ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable nationwide network.
12:49 pm
with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.™ ♪. >> in and around the kremlin will have nowhere to hide. we will make sure that they share responsibility for the
12:50 pm
kremlin's aggressive and destablizing actions. we'll share in bearing a heavy cost. there are assets in the uk will be frozen. david: wow, they don't hide their feel national parliament, do they? members of parliament are having a chuckle as their foreign minister tried to talk tough about russia. meanwhile russian troop buildup continuing to grow as secretary of state blinken will speak by phone today with russian foreign minister lavrov. fox news correspondent steve harrigan live in ukraine with the latest. they're not having many chuckles in the ukraine, are they, steve in. reporter: no, tough talk going on right now. we haven't heard from president putin on the situation in ukraine for the past month. short time ago, president putin of russia made some remarks that the west basically ignored russia security concerns over ukraine. also going a step further, putin
12:51 pm
saying the russian people think nato lied to them and swindle them continuing to expand nato to the east. here in ukraine when you go around you often see something new popping up all over, that is civilian training sites. a lot of people trying to learn how to fight, how to use weapons in case of a impending invasion. what was once a hobby or a play thing for some people has become now a big business. here is one trainer. >> translator: what i am asked most with, what kind of rifle do i need to defend my home? reporter: a lot of the people we saw out there were young men training, most of them growing up in a completely independent ukraine. when you asked them why they are learning how to use rifles, many say they see the 100,000 russian troops on ukraine's border as really a life life or death thr. here is one young man. >> translator: we all try to be prepared in every way we can to defend our country.
12:52 pm
this is really, really important. reporter: this training is being backed by ukraine's defense ministry. their goal is to create a militia force of more than 100,000. david, back to you. david: thank you very much. take care over there. let's get reaction from republican pennsylvania congressman who is co-chair of the congressional ukraine caucus, brian fitzpatrick. congressman, i understand you used to live or at least temporarily in kyiv yourself when you were working for the fbi. what do your contacts tell you about what they think is going to happen? do they think an invasion is imminent? >> david, thanks for having me. they do. you know all of our intelligence, i'm on the house permanent select committee on intelligence. we've been getting briefed on this for months. we've been trying to raise the flags for the administration for months now. the assistance that ukraine needs has been very slow and quite frankly been inadequate. they have 25% what they asked for, the most significant piece
12:53 pm
of equipment we've given them is the javelin system which is anti-tank defensive systems. they are yet to have received any anti-aircraft defense systems. without that they really can't defend themselves. david: what do they say? again your contacts, you have really good ones over there, what do they say about putin's goals? do they expect putin to go all the way into kyiv in this particular invasion? >> well they're looking at the past to kind of predict what he may or may not do and his annexation of crimea in 2014 is a good indication what he plans on doing. he will try to use false flag operations to claim he was provoked. he is accusing the united states of america of provocation which is outrageous but that's what he does. coupled with his propaganda he is very good at. he is a kgb officer himself and cyber warfare. they are very, very effective, perhaps more than any other country in the world with cyber warfare. david: i don't think giving up
12:54 pm
our one bargaining chip with russia, ending sanctions on the pipeline russia has is in provocation in any way, shape or form. it looked more like appeasement, didn't it? >> yeah. so, david, we got briefed on that. i'm the ranking member on the europe subcommittee on foreign affairs. we got called when the administration made that decision. it was really a gut punch to a lot of us care about ukraine. myself served there as an fbi agent, lived there. knowing what they would be up against and what a sign of weakness that was following on the heels of afghanistan. a terrible decision but as far as what we need to do now, david, there are two things russia will understand. one is nord stream 2, the pipeline. the second is the swift banking system. if we say unequivocally we will shut down nord stream 2, germany has to get on board with that -- david: i was going to say. >> second, kicking them off the swift banking system we can end the invasion before it against. david: there are questions whether germany is a reliable
12:55 pm
ally in this operation against putin, right? >> very much so. we've been disappointed. but there is still time for them to correct the ship. we hope they do that we're urging our german allies. weakness invites prove vision. weakness invites aggression. we can get them alternative energy sources. qatar is perfect country that can supply them with the lng they need. david: congressman, i understand this is the gateway to the rest of eastern europe, poland, romania, hungary, but there are a lot of americans who doubt whether this president after afghanistan, after his negligence on our own border, forget russia or ukraine, whether he is the right guy, the right commander-in-chief to take this on. what do you think? >> i share those concerns. it pains me to say that. i do share those concerns. what we saw in afghanistan was an unmitigated disaster of epic proportions. what we're seeing on our southern border is a unmitigated
12:56 pm
disaster. foreign leaders that are bully ies, kim jong-un, and xi xinping and foot tin they are taking note. if we don't nip this in the bud, it will not be the last. taiwan will follow, israel will follow, we do have a situation where it is the wild west internationally, congressman fitzpatrick, thank you for your service to the fbi. i appreciate it. thank you for coming on today. coming up as gas prices climb for the fifth straight week drivers in l.a. could be headed for more pain at the pump. we'll explain after the break. ♪.
12:57 pm
. . . trelegy for copd. [coughing] ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze driftin' on by... ♪ if you've been playing down your copd,... ♪ it's a new dawn, it's a new day,... ♪ ...it's time to make a stand. start a new day with trelegy. ♪...and i'm feelin' good. ♪ no once-daily copd medicine... has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed.
12:58 pm
trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. take a stand and start a new day with trelegy. ask your doctor about once-daily trelegy, and save at trelegy.com. hearing. it connects us to the world. but for those experiencing hearing loss, ask your doctor about once-daily trelegy, that connection can fade. it can feel isolating. hearing aids can help, but for many they just amplify a distorted world. cochlear implants are designed to bring clarity of sound, helping you hear in ways hearing aids no longer can. reconnecting you to the world. learn if cochlear implants are right for you or a loved one. call 833-749-hear or visit cochlear. us/connect. outcomes may vary. please seek advice from your health professional.
12:59 pm
1:00 pm
>> gas is outrageous we are spending a part of a paycheck to get to work, it's out of control. >> because everything gas, oil for the house, food, everything. >> i'm not driving as much i'm trying to conserve and i filled up or take earlier this year anticipating the increase in oil. >> from fruits to vegetables, pretty much everything. the cost of fee and processing and transporting them in all those things have gone up over
1:01 pm
the years. david: it everything in everybody's getting hit, "coast to coast" no matter what their occupation, there is a lot of american stepping back from bigger purchases even turning the heat down to dangerous levels in some cases, madison all work is here with the details another business headlines, high madison. >> america holding off on making large purchases because of the higher prices, the latest data from the university of michigan shows 41% of u.s. shoppers are putting off buying major household items things have gotten so bad that consumer sentiment levels are back to the april 2020 low when the new coronavirus was sweeping the globe and unforeseen level of economic uncertainty. we are moving backwards as a four decade high rate of inflation and enthusiasm for spending. in washington some like congresswoman alexandria ocasio cortes are blaming corporation
1:02 pm
for inflation. >> there's a real distinction to be made between inflation and price gouging and there's a lot of evidence that particular industries with high concentration at the corporate concentration whether it's almost level industries a lot of these price increases are potentially straight price gouging by corporation. >> aoc is the latest democrat to cry price gouging and blames businesses for inflation at a time when companies are dealing with persistent supply chain issues and significant labor shortages. at the end of the day it all comes down on us, the consumers and we are paying more for our favorite things like super bowl food, say it ain't so thanks to inflation your ideal super bowl spread could cost you as much as 14% more than it did last year according to wells fargo and the things it will cost you the most
1:03 pm
are proteins beef and chicken wings, beef is up over 18%, chicken up over 10% and when you look at chicken wings you could pay 26% more than you did last year which is a real bummer for me because wings are my favorite part of the super bowl gathering. football is nice too but i prefer my football with a side of wings. david: my wife makes the best wings ever for super bowl . high gas prices in los angeles could be headed even higher as the city moves to ban domestic oil drilling, kelli o'grady is live in los angeles with the story. >> environmentalists are celebrating but industry experts are warning about increasing our alliance on foreign oil california is an energy island that means what we don't produce
1:04 pm
here we have to bring in by tanker and that could mean higher gas prices, california already has the highest gas prices in the nation at $4.64 that is a dollar 23 higher than a year ago 26 higher than hawaii as we head into the summer months people will drive more increasing inflation and pain at the pump and more oil means more tankers at the portobello play in the supply chain crisis is not going away adding the more ships committed to california and trucks to transport the oil would be concerning our want to highlight lowering domestic production doesn't mean lowering consumption california consume 1.8 million barrels a day and that has to come from somewhere foreign imports are not to the same stringent laws and that could be met negative beyond the implications increasing our reliance on foreign oil at a time when tensions are rising at the ukraine border could be dangerous. >> we definitely seen it when there is conflict amongst major
1:05 pm
oil producing countries that that affects the price of oil were becoming more and more reliant on these regimes from foreign countries that have poor environmental labor and human rights records. >> is not just the federal government policies increasing our reliance on foreign oil is also happening at the state level and it's a very precarious time. david: were not only relying on countries like russia and others that aren't so good about the way that they produce but were becoming more reliance on coal as the attacks continue on natural gas were using 24% instead of 20% of coal for energy needs, it's going the wrong direction, thank you for that report, we appreciate it, los angeles has moved away from fossil fuels as gas prices are skyrocketing for the fifth straight week how much higher could we be headed but asked gas
1:06 pm
buddy.com petroleum analysis, patrick good to see you this week in a row of higher gas prices, are they going higher? >> absolutely the story you just mentioned california shutting down aoc needs a little less in economics, if you take supply off-line that will cut the amount that we have to fill up is not price gouging it is government and that's with happening prices going up and now we have the russia situation that could further boost prices and again, it's because of a perceived risk to global supply that will be the name of the game prices will continue surging perhaps to $4 a gallon in l.a. and it could reach $5 a gallon. david: $4 a gallon is not inconceivable at the national average is a. >> that's exactly it were at $3.38 which is exempt away from 2021 high price we are likely to
1:07 pm
get there and surpassed 2021 in the next couple weeks. were only at the tip of february this is the timer gasoline demand and prices are typically low but you i geopolitical tension and then we returned to summer gasoline march, april and may, buccal lot prices will surge. david: is happening on all levels of government we dissolve from l.a. and the federal level, the biden administration wanted to kill off fossil fuels as president biden honestly announced when he was running for president and is following through on the state and the local level we had an ordinance in new york in new york city passed by the city council to ban use of gas, little things like the ad up and that's with leading to dirtier forms will be get caught in a bind like coal. >> exactly right look what's happening in canada there not any less rely on fossil fuels
1:08 pm
they have carbon taxes through the roof prices in canada $6 a gallon equivalent there not any better off but they're paying a lot more for it, that could come to the u.s. if these policies keep coming. david: all these rules on the federal level the epa issued two new rules of renewable fuels something called our vo the renewable volume obligation i won't go into the details but it's significant that a number of senators and congressmen are trying to get them to pull back on some of the restrictions on refineries, refineries are the key to getting gas prices down if they have to adhere to stronger and rigid regulations that is another push to the higher end. more rules and regulation push prices higher not lower and less politicians to pay closer attention in the year ahead as we expect $4 a gallon to be here as soon as memorial day i think
1:09 pm
this will be a much more politically charged object as motorist in-depth voting year this november. david: we have an election coming up, thank you for being here. we appreciate it. the first day of trading for the month of february all three major averages are swaying between games and losses it looks like they lost their way in which direction they want to go let's bring in wealth chief market strategist, do you see any direction your kenny? >> i do i see the direction is going to be lower we had a very interesting into january which was a lot of windowdressing we will run into turbulence, i'm not going to be surprised if we see the market, the loads that are putting on january 204th which is down at the 42, 22 level it may not happen the way it happened on monday the 24th, but i think as we move through february into march and we start to deal with the rate hikes in the narrative and see
1:10 pm
how that unfolds the market will reduce some turbulence. i am bullish i just think that people should be patient. >> the nasdaq was causing the most angst among traders everybody has a piece of apple or one of the other stocks but we have great numbers from apple and the incredible surge yesterday, were well over 14000, 14200 and the nasdaq. is that going to stay or despite the good numbers from apple and other good numbers this week there is still hesitancy about what is going on. >> who doesn't love apple, it's wonderful but i do think as we move through the narrative with fed rate hikes what are they going to be were getting conflicting narratives depending on if you're fed official, everyone is thinking where the fed should go that will continue
1:11 pm
anxiety while the earnings are strong and good on any pullback opportunity to pickle apple or nvidia or microsoft or the big-name will be an opportunity but i do suspect as we move through march and april that the market will test the low. david: how much were the market be influenced by the jobs figure. >> i don't think it will be damaged by the job figure, the administration is preparing if i earn this correctly there preparing for a weaker number and they already put a positive spin on it, i don't think the markets could be affected if the market is much more effective about the narrative coming out more than it is. david: there's another jobs number that comes out with the job service that they provide workers for very small companies they say the number of unfilled jobs has decreased by a million, a very large decrease in the number of unfilled jobs from 11 and a half-million to ten and a half million, a huge number it
1:12 pm
is hurting a lot of small businesses but it's come down i'm wondering why you think it's come down a lot of businesses have given up trying to hire people they found a way to give around it and businesses have gone out of business or is it good news. >> i think it's a combination some businesses closed up in their frustrated and other businesses are finding ways to make up for the inability to hire workers. i think this will be a real problem is because people decided they don't want to go to work and some of the jobs are clearly open service jobs that are clearly open that need to be filled they just decided they don't want to i don't think it's a positive but i do think companies and businesses are being creative to figure out ways to get around it. david: we've got to go but i have to ask when are you gonna go full steam back into the market. >> i'm in the market having gotten out of the market, i kept
1:13 pm
adding on weakness and strength i was not selling i was holding but i'm still number 100%. >> the caribbean here, good to see you, coming up restaurants battling a rise in crime my next guest says he has to adopt new security measures to survive. a tough life, more when we come back. who's on it with jardiance? we're 25 million prescriptions strong. we're managing type 2 diabetes... ...and heart risk. we're working up a sweat before coffee. and saying, “no thanks...” ...to a boston cream. jardiance is a once-daily pill that can reduce the risk of cardiovascular death for adults who also have known heart disease. so, it could help save your life from a heart attack or stroke. and jardiance lowers a1c. jardiance can cause serious side effects including... ...dehydration, genital yeast or urinary tract infections,
1:14 pm
and sudden kidney problems. ketoacidosis is a serious side effect that may be fatal. a rare, but life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away... ...if you have symptoms of this bacterial infection, ...ketoacidosis, or an allergic reaction, ...and don't take it if you're on dialysis. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. lower a1c and lower risk of a fatal heart attack? we're on it. we're on it. with jardiance. ask your doctor about jardiance. i may be close to retirement, but i'm as busy as ever. careful now. nice! you got it. and thanks to voya, i'm confident about my future. oh dad, the twins are now... ...vegan. i know, i got 'em some of those plant burgers. - nice! - yeah. voya provides guidance for the right investments and helps me be prepared for unexpected events. they make me feel like i've got it all under control. [crowd] yeah! because i do. ok, that was awesome.
1:15 pm
voya. be confident to and through retirement. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire
1:16 pm
1:17 pm
david: the restaurant industry is reeling from crime spikes, vaccine mandate and the continuing labor shortage my next guest saying he has to lock his doors to be avoid being targeted by thieves joining the new york city restaurant owner in attorney james, thank you for being here i appreciate it, what are the thieves looking for in your restaurant, are they looking to steal booze or what? >> a remarkably better case than scotch so you gotta give them that credit. david: they distinguish her best scotch. >> i will say i wish it was
1:18 pm
otherwise but my hats off to their ability between the various ones. david: i kicked off a lot of problems that you guys have to deal with when you think back to pre-pandemic days it must seemed like you were on easy street it was so easy to get customers i see the table booking in manhattan restaurants are down 64% from where they were in pre-pandemic days, i see you nodding your head, one of those things are the worst for you is that the vaccine mandates that is keeping people out and keeping labor shortage going, is it inflation or crime, what is the worst. >> i think crime is serious i've never thought we'd have to lock our doors i'm on lexington and there's not a quiet side street so i never thought we'd have to lock our doors in the morning to stop people from going into the
1:19 pm
bar or hire security. i believe and i'm excited by what mayor adams has been talking about in the way of crimes, i'm optimistic in the area, the area that is harder for the city to impact inflation. david: what about the vaccine mandates the mayor also suggested when he first came into office is going to revisit but on the second day in office he announced he was going to keep the mandates, newark has very rigid vaccine mandates, that must be hurting not only your customer base by making it harder to hire people. >> the restaurants on long island in nassau county and suffolk county, we have a frame of reference as far as the vaccine mandate and their impact on business, the way i would describe it until there is a return to normalcy and whether
1:20 pm
it's vaccine mandate were amassed mandate it reinforces the idea that is unsafe and has a chilling effect on dino. end of story. >> the city hall care at all about the situation businesses have they gone to you and said welcoming make your life easier. >> i distinguish the city council and i've had conversations with the mayors team on how they want to tackle the bureaucracy, dry think city hall cares, no i do not think the bureaucracy cares one bit, dry think the city council cares maybe a couple of them were certainly more of them in the weeks to come, that bureaucratic machine that is intent on finding us in finding new regulations for us has never been on our side and i'm almost an absurd situation is worse
1:21 pm
than the current one. david: do they understand that new york or any city not survive without businesses. >> you is get paid come hell or high water and you don't have to worry about making payroll, shockingly large understanding about how small business works in the importance of small business. i think of city employees actually were nervous about their paychecks the way all the employees in the private sector in the way i was in my colleagues were, then i think they would have a different perspective. david: they don't understand that there paychecks come from taxes paid by you guys. >> it's a remarkably simple that you just described my dealings with the health department i have yet to see any sense in that regard.
1:22 pm
david: we wish you the very best. again looking back to pre-pandemic days you must just be thinking it was so easy back then, i can't believe i complained about anything compared to where we are today, go ahead. >> when you asked me i sometimes predict because i did not anticipate i almost emerged 2020 in the past few weeks, that's what we really saw we were off some weeks 90%, or 80% i did not think i would see those again. maybe i'm not the best and hopefully i can give you a good set of thoughts. david: the bottom line omicron is passing through very quickly thank god and hopefully soon the mayor will wake up and realize
1:23 pm
vaccine mandates don't work and they do not help you guys. thank you for being here james, i appreciate it. >> take a having me i appreciate it. david: a pushback growing against these mandates and attorney general who was leading the legal charge against the rules when we returned. ♪ to go beyond ordinary etfs. and strengthen 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. it■s hard eating healthy. unless you happen to be a dog.
1:24 pm
1:25 pm
1:26 pm
1:27 pm
♪ ♪ >> the biden white house is disconnected from the reality of the border, they keep talking about the northern triangle, honduras, guatemala, they are not addressing the real public safety issues that are happening at the border, what the cartels are doing and what's happening around national security and the fat now that is pouring over. david: president biden continuing to face backlash of the border crisis republicans demanded to know what dhs did with the billions they were given to fight the problem hillary vaughn is on capitol
1:28 pm
hill with the more. >> billions of the dhs budget is going to pay for things like housing, medical services and transportation for people who are crossing into this country illegally, in 2022 dhs allocated 1.8 billion for detention beds, 385 million for transportation including charter and commercial flights, ground transportation and an additional 163 million for medical services for immigrants in cbp custody, the cost of this is only going to go up unless the biden administration can find a way to cut down on the record number of people crossing the u.s. border illegally day after day, it is tripled from 2003 to 8.3 billion in 2021. republicans in congress want to know where the money is going senator rick scott with 100 other gop lawmakers asking the
1:29 pm
deal under dhs inspector general to launch an investigation into the money and the policies of the biden administration, senator scott saying this your tax dollars are being used to charter private flights in the middle of the night to take illegal aliens from the southern border to neighborhoods all consternation it is disgusting misuse of taxpayer money and it must endow but the president says they are still focused on figuring out the root cause of why people are coming here. >> figure out why they're leaving in the first place it's not like people sit around and say in guadalajara i have a great idea but still everything that we have given to the coyote and leave us in the desert, wont that be fun. >> vice president harris was put in charge of finding the root cause almost 11 months ago but you heard the president indicating they are still looking for what the root cause is exactly. david: thank you very much, from
1:30 pm
our southern border to truckers at our northern border of fundraiser for the canadian truckers hearing $10 million, david lee miller has that report. >> for the fourth straight day the canadian capital of ottawa calling on the government in the vaccine mandate the truckers are angry unless they can provide proof of vaccination to canadian authorities returning from the u.s. they must get a pcr test in quarantine. in ottawa the protest were mostly peaceful but they disrupt the city by blocking roads and honking horns some of the demonstrators displayed the knots in confederate flags and since sunday and number of the protesters have left but some say they're going to remain until the government gives into their demands meanwhile thousands of miles away near a major border crossing between montana, another group of
1:31 pm
truckers is staging their own demonstration and interrupting traffic between the two countries, what began as a trucking protest primarily has become a rallying call against other covid related government restrictions. >> the mandates going on in canada. >> the pandemic has taken many lives but there's no reason to lose my freedom. gofundme campaign has recently million u.s. dollars for the u.s. freedom convoy, prime minister justin trudeau has announced a new administration as a fringe group and he says he will not be with them. >> freedom of expression, assembly and association are cornerstones of democracy but not the symbolism, racist imagery and desecration of war memorials are not. it is an insult to memory and
1:32 pm
truth. >> despite the controversy, 90% of canadian truckers in line with the general population are vaccinated and even if the canadian government jobs the mandate for truckers, u.s. regulations will still require approval vaccination in order to cross the border. david: i assume the prime minister is vaccinated because he just got covid in a breakthrough case of covid. >> he does have covid in the secret location for security reasons. david: the question of why we have mandates with all the breakthroughs continues. thank you very much we appreciate it. staying on vaccine mandates, the next guest lead to the lawsuit to overturn president biden vaccine mandate for healthcare workers republican montana attorney general austin knutson joint does now. first of all, how many healthcare workers have resigned
1:33 pm
or fired because of these mandates in your state. >> i don't have the numbers i think were waiting to see how this works out if they get a grant religious exemptions if they will double down, i tell you we have a major healthcare worker shortage here in montana, the governor has called them the national guard for major hospitals. the biden administration with this mandate has put rural states like montana and a very tough position, i am from a hometown in northeastern montana at 700 people, we have a critical access hospital it's only hospital within a couple hundred mile radius, you're gonna put them in a position of having to fire staff, that hurts rural montana and rural america that they get an argument that is lost on joe biden completely.
1:34 pm
david: i have to argue with you is not just rural america new york has lost 30000 healthcare workers, 8000 of them specifically in hospitals because of the vaccine mandate that we have primarily because of the state vaccine mandate, your average crazy situation where there hospitals outlast i believe in oregon and washington which are hiring infected workers who have been vaccinated rather than bringing back an infected workers who have natural immunity because they weren't vaccinated, if anything you're making the patient more reliable to infection by insisting on these mandates. >> this is a logic free environment, i don't understand it you're putting businesses and hospitals in this terrible position with your mandate but then you gonna turn around and you're gonna allow covid infected workers back into help this makes absolutely no sense you hit it spot on this is not
1:35 pm
just affecting real estate like montana this is why we've got broad buy-in on these lawsuits, we are still fighting this and we had a ruling from the supreme court that said pending the litigation and without looking at any of the legal record we will let the mandate stay in place for now, that is where we are on this lawsuit, we are marching forward and we will keep pushing the rock uphill and i think we will get the same results that we've got another mandate lawsuits we will have a thought that this is unconstitutional. david: switching topics, you went out to the border the mexican border for a meeting with other contemporaries on the issue of the border crisis, montana is a long way from the southern border, how is a crisis affecting your state. >> it is affecting us usually i get asked this question occasionally.
1:36 pm
we had a great quote when we were down there the last couple of days there are no border states we are all border states, violent crime in montana in the last six or seven years is up well over 50% subcategories closer to 70, 80%, the human trafficking investigation are up 500% in the last four years this is all being driven by the next entry mexican cartels nobody in montana's manufacturing methamphetamine, nobody in montana is manufacturing that now the mexican drug cartels have them operably on the industry and mass-producing the stuff south of the border they are smuggling across the wide open southern border which is been drawn wider open now by president biden and within about 48 hours those illegal drugs are in states like montana there is no question that mexican cartel, methamphetamine and fentanyl are driving a huge crime but also
1:37 pm
foster care probably montana. he got parents that are more interested in doing methamphetamine than they are taking care of kids. that leads to an overwhelmed circle social services like we have a montana we don't have enough foster care families, it is devastating. david: attorney general austin knutson, good to see you, best of luck it is an awful confluence of events you have to deal with. thank you for being here. david: a quick market check stocks have been flatlining between gains and losses the s&p and nasdaq are hoping to recover from the worst month since the start of the pandemic we'll be right back. ♪ i'm mark and i live in vero beach, florida.
1:38 pm
my wife and i have three children. ruthann and i like to hike. we eat healthy. we exercise. i noticed i wasn't as sharp as i used to be. my wife introduced me to prevagen and so i said "yeah, i'll try it out." i noticed that i felt sharper, i felt like i was able to respond to things quicker. and i thought, yeah, it works for me. prevagen. healthier brain. better life. my daughter has type 2 diabetes and lately i've seen this change in her. once-weekly trulicity is proven to help lower a1c. it lowers blood sugar from the first dose. and you could lose up to ten pounds. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes. it's not approved for use in children. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis.
1:39 pm
taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side effects include nausea, vomiting, and diarrhea, which can lead to dehydration and may worsen kidney problems. ask your doctor about once-weekly trulicity. i'm ben affleck and i want to thank you for joining me and supporting paralyzed veterans of america. i joined the navy to serve my country as a navy seal. i wanted to protect the people i love and the country i love. being a seal gave me so many things, but i gave something too. while parachuting with my platoon, my parachute didn't open. i broke my neck. it left me paralyzed. i realized that everything i had planned for was now gone. paralyzed veterans of america was by my side from that moment on. since 1946, paralyzed veterans of america has kept a promise to our wounded veterans. we will never leave a fallen comrade behind. our vets need you. join me with your support.
1:40 pm
please call or go online now to pva hero.org. your gift of only $19 a month - just 63 cents a day, will provide the life-saving help our paralyzed heroes need now. with your monthly support, you're honoring the sacrifice our wounded veterans have made to defend our freedom. show them their sacrifice has not been in vain. your monthly support will help paralyzed veterans receive specialized medical care, support research and treatments, and fight for the accessibility they deserve. pva fights to help veterans like me from the moment of injury and for the rest of our lives. call or go online right now with your gift of just $19 a month. use your credit card and receive this pva team t-shirt to show that you are fighting for our paralyzed veterans. i just don't think my family would be as happy as they are without the support that i received from paralyzed veterans of america.
1:41 pm
our veterans fought for us. let's fight for them. call or donate online at pvahero.org today. our veterans need you. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones david: president biden needs fcc nominee set to face the senate vote at the fcc, charlie gasparino has all the details on
1:42 pm
what business groups are pushing for ahead of the senate vote. >> this is coming down to the wire, tomorrow is the congress committee we should point out first you come out of committee and then the full senate and this is a nomination of an approval she is a longtime advocate and public policy advocate involving telecom a brilliant lawyer and academic. on paper in terms of her intellect she is qualified for the job. the problem with her she advocated for certain things she is much more than a blind academic, we all have biases but she's gone out on the limb on so many issues she's getting pushback, the first it was the national association of broadcasters that is the lobby group that represents nbc, abc because she spoke out against free transmission fees, we felt
1:43 pm
our content and local programming and we get a return fee and she is against that for reasons we don't have enough time to get into, they think it's bad for consumers. she's now agreed as of last week to recuse herself from issues involving the big broadcasters including the retransmission fee, she talked about so much other stuff, other groups as of today are jumping in to the recusal demanding more from that she recuse herself for more issues involving them the latest these are major telecom business groups that represent part of the telecom industry the internet and tv association in the u.s. telecom association are asking for these recusal's what they're saying if gigi sohn has to recuse herself because of past conflicts on stuff involving fox and nbc and all the other major broadcasters then guess what she spoke about
1:44 pm
so much she's gotta recuse herself from our stuff as well. this is where it gets really problematic if she recuse herself from tutti things were seen as to biases too many things, where is she going to be voted on. this is a nomination that you could say is in trouble in the keelboat from what i understand is kyrsten sinema as it often no wheezes, she's on the commerce committee and will know tomorrow whether she gets out and that if it goes to the full senate and joe manchin has a problem with this, gigi was very liberal in twitter was out there it reminds me of justin soto my work when there was an issue with her nomination to the supreme court several years ago because she mentioned something about looking at cases as a widely tina.
1:45 pm
when it adjudicated in cases before the supreme court you're not supposed to look at it as a latina you looking at it as an american in the same thing here. by the way gigi's record is deeper of saint stefan beat after. david: she doesn't like us but i think you gave her a fair shake. >> she is intellectually qualified in the other stuff is problematic. david: coming up why lost time in the classroom could lead to trillions of lifetime earnings we will break down the numbers when we return. throughout history i've observed markets shaped by the intentional and unforeseeable. for investors who can navigate this landscape, leveraging gold, a strategic and sustainable asset... the path is gilded with the potential
1:46 pm
for rich returns. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire 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.
1:47 pm
as a business owner, your bottom line vanguard. is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable nationwide network.
1:48 pm
with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.™
1:49 pm
david: the cost of pandemic school closures could be much higher than previously thought fox business lydia hu joining us with more. >> the learning opportunities could cost kids $17 trillion globally and lost earnings over the course of their lifetime that's according to a recent report from the united nations and the world bank and that is about 14% of today's global gdp. i spoke with a former member of the baltimore city board of education who is an economist, here's his reaction. >> it means the world is less prepared for the future and more
1:50 pm
property and there will be more people out of work and therefore potentially more social instability. >> a new estimate of $17 trillion far exceeds the 10 trillion-dollar estimate from a year ago with the learning losses are snowballing as closures continue nearly two years after the start of the pandemic and the u.s. more than 7400 schools were closed to in person learning one or more days during the week of january 10 last week 2100 schools were closed one or more days as we look to flint, michigan schools they are closing indefinitely to person learning impacting 4000 students and nearby and cover the new jersey middle school and high school students will attend only half a day for the entire month of february to accommodate teacher shortages. the good news experts say the accumulating educational losses can be reversed but they say the
1:51 pm
priority must be set on opening schools full-time for in person learning and offering supplemental learning opportunities like afterschool programs or summer programming. david: thank you very much reaction from new york post carol markowitz and the foundation director of school choice in the american federation for children director cory deangelis, good to see you both. the damage is extraordinary if you put it in dollars but in human terms, the reversal of the damages i don't think is going to happen until you take out key parts, it's not just covid that is a key part of the problem it is also the school boards that are not giving parents or the kids a chance and it's also the teachers union don't you have to deal with those issues if you want to reverse the damage? >> is a systemic issue, at this .2 weeks to slow the spread has
1:52 pm
turned into two years to flatten the generation of kids and enter kids academically, mentally, physically, socially and even if you get the schools back open there's a lot of kids in school that aren't working for them and the reason there is a government monopoly on education where the kids are trapped into the failing institutions for 13 years without adoption, in flint, michigan they spent over $20000 per student per year, they give the money directly to the parents so they can find an alternative that works for the kids one-size-fits-all needs to go the other way forward to fix the problems is to fund the student directly in empower families to choose only then will schools be accountable to families in their students. david: i think cory hit on the key .1 size does not fit all weather talk about school education and vaccine mandates or mask mandates, you recently left the state level leaves and one size does fit solve new
1:53 pm
york, there's others like california and michigan injured living in a free state of florida do notice the difference, is it apparent in the schooling of your kids and other things is a massive difference my older two might have been okay in new york, masking indefinitely but my 6-year-old was really struggling in the last month it's really been an amazing change and not the he does have a mask on and his teacher either they understand each other better he is doing so much better and not having to repeat himself he isn't shy and hiding behind his math my kids haven't seen their mask since we landed in florida and that's the way should be kitchen never been masks into complete rejection of the science at this point. david: the fact that you have the governor of california who has some of the most stringent mask mandates around, he's fired
1:54 pm
for masking children no matter how young or might ruin their facial recognition of the just learning to speak properly et cetera, then he goes to a football game without a mask he meets with those millionaire friends without masks, how does that affect you? >> that's hypocritical of gavin newsom the whole idea mask mandates we for the not for me. when it comes to masking it extends for educational freedom he sent his kids to private school which is fine i think every family should access the best opportunity for every kid but then against school choice for less advantage which is ridiculous the good news for california citizens there is a potential ballot initiative to educational freedom act up to $14000 to get an education that is the best way forward in it did equalizer that would allow more families.
1:55 pm
david: i cannot think of a state in the nation where parents would be against something like that giving them the chance to spend the money that these bureaucrats spend freely. we only have 30 or 40 seconds what about florida's relationship with the teachers union and the other educational establishment that tries to keep a lot of people keep choice out of the system. >> it is funny in florida with the private schools that are still masking and governor desantis made it so public schools are not allowed to demand mask on children parents get to decide that is where we need to come down to and every one of these issues around schooling and its apparent decision most local option is my house and the family and the family needs to decide what works for their family. david: your sina and virginia are they making the right steps? >> the best move in virginia the school districts don't want to listen to youngkin they should say let the families take the
1:56 pm
children education dollars elsewhere arizona doug ducey did a couple of weeks ago that the best move forward. david: great to have you both on, i'm so happy that you are happy in your family is happy with the move, good to see you both. could cavuto coast-to-coast we'll be right back. stay with us. more of what you . this is the planning effect. . .
1:57 pm
♪♪ 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.
1:58 pm
1:59 pm
♪. david: stocks are mostly positive today but there is some individual stocks to talk about. one is at&t. they have announced that they are going to be spinning off warner media.
2:00 pm
very interesting move. and also that they're cutting their dividend by about a buck down to $1.11 per share from $2.08. that is probably affecting the stock price today as well. but again it could be a lot worse particularly when you think of the great news on stocks yesterday. our good friend charles payne is watching every tick of the market. he will take you through the next hour. charles: ready to go, dave, ready to go. good afternoon, everyone, i'm charles payne this is "making money." breaking right now you asked for the wild gyrations to stop. you have to admit today's grinding is not give being you any comfort. the market is figuring it out. the jolts report was another shocker. manufacturing prices are going up. earnings season is simply crushing it. i got your back with some of the best. the digital revolution is turning into the wild west. while crypto millionaires are

298 Views

info Stream Only

Uploaded by TV Archive on