stuart: when was the national minimum drinking age act signed into law which raised the drinking age to 21? ashley, you first. >> 1978. stuart: mike? >> going number three, 1984. stuart: i will go with 1981, number two. the answer is 1984. there you have it folks,. >> i think i'm undefeated. stuart: ashley, mike, great to see you. neil, it is yours. neil: stuart, thank you very much for that. we have a selloff as we kick off all saints day, the first of

november. looked like it was not the case for a while. we would build on the impressive october gains. then along came with a myriad of other economic data a sign that u.s. job openings were rising unexpectedly in the latest month in september to 10.7 million. obviously the immediate interpretation of that we still have a pretty strong job market. the federal reserve might not want to ease up or whatever you want to say. now of course we still have news that would be supportive of maybe the fed rethinking this aggressive rate hike strategy as it begin as two-day meeting. we saw auto prices are finally beginning to come down a little bit. we also got news that u.s. manufacturing barely, barely budged at all in october. so you would think that the con announce of the data would lean on the side we're still seeing some slowdown activity going on here, accompanying inflationary pinch that might not be as pinching as we thought. be that as it may though, it is those job openings that is

really weighing on investors here. they're quickly interpreting it as a sign that the federal reserve will have to keep hiking, maybe beyond the 3/4 point hike that is expected tomorrow. anyone's guess what happens in december. of course we always wait to hear what the fed chairman jerome powell has to say after he makes such a move. that is the expected move. what he will telegraph for december is anyone's guess. meantime we have seven days left until the midterm elections. a lot of people have been interpreting the market's recent run, today notwithstanding that republicans seize not only the house but the senate as well. mike emanuel is keeping track of all of this in washington, d.c. hey, mike. reporter: neil, good afternoon. the republican map expands significantly in the fox news power rankings forecast for example in new york where crime is number one issue in the new york district on line island. anthony es poe see toe, former fire chef and nypd detective. his race shifts from leans

democrat toesup. california, 27th district in northern l.a. count, incumbent republican congressman mike garcia, facing democratic challenger christy smith that was a tossup. no our projection is lean republican. movement for the democrats alaska at large lean d. arizona 4, to lean d. cans says 3, lean three. new hampshire one from tossup to lean democrat. pennsylvania 17 from tossup to lean democrat. moving in the gop direction, california 47, from lean d toesup. colorado 8 from tossup to lean republican. connecticut 5 from lean democrat toesup. some blue states here. new york 19 from tossup to lean republican. north carolina 13 from tossup to lean republican. oregon 5 from h from tossup to lean republican. virginia 2 from tossup to lean

republican. virginia 7 from lean democrat toesup. washington 8 from lean democrat toesup. let's take a look at the big house table. in the middle in gold are 26 tossup races. that will have a major impact. our power rankings forecast of 236 republican seats. a net gain of 23 seats assumes each party wins half of the tossup districts. if republican turnout in the districts is high, the gop cowin mower. that would make it a red wave election with 2489 gop seats, or potentially more. neil? neil: mike i think i got bingo. maybe if you just do that again. thank you very much, my friend. reporter: thank you, sir. neil: lucas tomlinson is following the president of the united states, going to all places florida. not lucas who probably wishes he could. he is at the white house now. think about it, lucas, that is a odd choice here he picks and chooses his battle carefully. just to read the polls though,

the premier democratic candidates for governor and the senate, right now they're behind double digits here. you think he would focus on races that are a little closer but who am i to judge. help us out. reporter: that's right, neil. i didn't hear mike talk about florida tossup state or battleground state with the midterm elections a week away. president biden departed from andrews air force base on air force one bound for florida. he ignored shouted questions from reporters if democrats can gain mow men tunnel. he was planning on this trip months ago but because of that covid that trip was prevented. they want slashing social security and medicare in the news. they think that will resonate with seniors in florida. republicans are calling those accusations baseless. they question why he is going to florida, neil. we expect biden to bring up governor rick scott proposals

put entitlements like social security and medicare up for a vote every five years. gubernatorial candidate charlie crist hopes he focuses on abortion. neither the senator's race or governor's race are close widely viewed inability to sway voters. that is why he is going there according to many republicans. the former president barack obama going to states like georgia, wisconsin and michigan. obama is doing many ads. republicans given their best analysis about their trip to florida, neil. >> hail mary, desperation. it is so evident they're not putting biden out on the campaign trail. you know why, harris? the candidates don't want to be with biden. his approval rating is a record low. reporter: biden's messaging that the election is not a referendum on party leadership is also being refuted by republicans. they say of course it is neil, it is economy.

weak polling and casting other doubts about biden's ability to preside. president biden: spending the rest of the time making the case that this is not a referendum. it's a choice. a fundamental choice. a choice between two very different visions for the country. and that is what it is about. reporter: president biden and the former president barack obama will be going to a battleground state, pennsylvania, in days to come. that will be the only swing state that biden goes to before the midterm elections, neil. neil: thank you very much for that lucas tomlinson following all of that at the white house. meantime here we got a lot of key pieces of data come in before the next few days before the big election day next tuesday. 15 million americans have voted. those pieces may be too little, too late for them. there are there biggies coming our way like what the federal reserve does tomorrow. connell mcshane following that. reporter: there is always these

debates heading up to an election whether it is the market or economy impacting the election or more the other way around but in terms of signals we're getting today from the market we're off to a slow start after some of the economic data this morning in the month of november and the dow down by 50 plus points. remember october was a crazy month to the upside, up by 14%, the dow jones industrial average, best performance since 1976, which is a long time ago. you know, it sold off of course at the beginning of the year but, generally speaking, we've seen corporate earnings holding up pretty well or not coming in as badly as some people had feared. that you know, as a result has held up the market. now jay powell and the federal reserve will be more of a focus or elections than anything else with two-day meeting with interest rate hike expected to come in tomorrow afternoon. as i said the at the top everybody is hanging on every word that comes out in terms of where rates go from here, what is the path for interest rate increases? today's economic signals are

mixed. we have a manufacturing sector that is barely expanding. 50.2 in the i is. m manufacturing number. anything above 50 is technically expansion. below 50 would be contraction. this is into the expansion territory. this is the lowest level since may of 2020. then the jobs figure neil mentioned at top of the hour. this is hot number, 7.2 million, the jolts number they call it. job lay off and turnover survey. when you see job openings surge like this, with the fed trying to loosen the labor market, it would tell you they're probably not going to veer off their idea of raising rates, being a aggressive with rates that would be at least the interpretation of many investors today on that number. finally before i go back to you let's take a look how the market termed midterm elections in the past for fun, going back to the famous 1994 republican wave.

look where the dow was five days before the election, 3863. that is you funny number t fell after the republicans took over by 1 1/2% but in more recent times the market actually has done relatively well for what it is worth in days after an election when there is a change of power, regardless of power. republicans 2014, the market goes up 3.% or the dow does at least. when it was the democrats taking over four years later in a midterm election the dow with an increase of 4 1/2%, up to 25,989. so that has been the way it has been in the past but again a lot of the action is probably in the market and the economic data, neil, in the months leading up to an election with those numbers probably doing more to sway the vote but the other way around but those are your moves for today. neil: thank you very, very much, connell mcshane, chief national correspondent following all the fast moving develop ments. the maybe the fed will go slow,

pivot whatever you think, as soon as we got jobs available numbers that connell outlined maybe not. but there is another phenomenon here i want to echo, continue to pound here, one raised by mick mulvaney donald trump's former budget director, that the fed might be stymied by something else, this could force it to pivot. look at this. you would think the fed would be kind of forced to reserve a little bit because of all that debt and you're quite right, i think it is adding 180, $200 million a year in higher rate costs we're looking at now. so that even if inflation were a problem still the fed would slow down, maybe even stop? >> yeah. i think the average debt right now, our maturities, average maturities in our debt it's about five years. so someplace between the two-year and the 10. those costs are someplace between 3 1/2, 4% depending where you are in the week and so forth. that is a huge amount of money f

that goes to 10%, if the government's borrowing costs goes to 10% on $30 trillion. that math is pretty easy. that is $3 trillion a year just in interest payments. that is an obscene amount of money. i think the fed is restricted at least in the back of their minds they know they can't do the same thing they did in the 1970s because we're too heavily in debt. neil: i should have set that up better for you, i apologize. what he essentially is saying the overall debt in the country the fed shouldn't push it too far because it would exponentially raise our own borrowing costs to complicate that. i wonder if steve forbes agrees with that? steve, the fed is between a rock and a hard place on this. it wants to get tough on inflation, with this environment with all the debt it can't. what do you think? >> well the problem is the federal reserve thinks you fight inflation by depressing the economy instead of stablizing the dollar which is what was done in the mid-1980s and mid

1990s and it worked. we're in final sales third quarter gdp report, allly flat. going for a stalled economy next year, and a shrinking economy. the federal reserve should stop trying to depress the economy and let interest rates find their own level in the marketplace. we've had 12 years of suppressing interest rates. that is why government debt went up so sharply because of free money. the debt went up but the interest costs did not. so the fed should just back off on the interest rates, stablize the dollar, and hope biden administration starts, stops waging war against energy and other things. neil: you know the argument for raising rates is that we still got inflation. obviously after all the hikes we've seen i guess by the end of tomorrow, steve, you know, we'll be north of 4%, in that neck of the woods. they would have quadrupled in all of that time. they could get to 5%, so quintupled in less than a year and no demonstrable signs that pricing pressures have eased.

do you think the fed is risking overdoing it, by the time they realize the magnitude of the impact it will be too late? >> that is the danger. they are in danger of overdoing it. you see signs of it already. already the treasury market is starting to show a little bit of a hiccup which is a real shock. you see the money supply, what economists call m2 which during covid was going up 40% a year is now flat, has been flat since december. you look at the gold price, another indicator, canary in the mine. that has been going down. so by the time fed realized it stalled the economy it will be too late. that is why they got to realize a lot of numbers are backward looking numbers, like cpi, consumer price index and realize the economy is slowing and contracting now and like a big frailtyter they have got to realize by the tame they make changes the economy will be in bad shape. neil: let me ask you about what the markets might be telling us or telegraphing about the

election next week. that republicans at a minimum take the house. could take the senate. so it is a hypothetical, i grant you, steve, let's say republicans take both. how will the markets respond to that? >> well you know the old phrase the markets buy on rumor and then sell on the news. we had a great october. i think in large part anticipation that the republicans who in september looked like they were in trouble in those congressional races and senate races are now turning things around. it is going the other way. so the markets i think will not have too much reaction unless there is real red wave, 40 or 50 seats in the house, four or five seats in the senate. the markets will look for, what are the republican going to exactly do in january when they take the reins of power on capitol hill. what i think they're looking forward, putting in legislation forcing the federal government to allow leasing, pipelines and get more oil and gas production

in this country there is a shortage around the world that will be a very bad thing if we don't correct that soon. neil: steve forbes, thank you. good seeing you again, steve. >> thank you. neil: meantime we're four hours away seeing maybe for the first time the suspect in that hammering case of paul pelosi who is still in a san francisco hospital. keep in mind that the suspect was arraigned and will be arraigned on federal charges. this became a federal event involving the spouse of the speaker of the house. had this just been anybody, let's say you or me, he could conceivably out on the street right now, after this. ♪.

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♪. neil: the man accused of using a hammer and darn near killing paul pelosi last week in san francisco will be arraigned in federal court today on federal charges here. that is one of the things that kept him behind bars as they awaited the ajudication of this entire case. christina coleman in san francisco with what we're in store for. christina? reporter: hi, neil. that's right. the suspect in this case is expected to go before a judge later today for those state charges. authorities say he admitted to breaking into pelosi's house

through a backdoor, with a hammer. now he faces two federal charges including one count of attempted kidnapping of a u.s. official. he also faces multiple state felony charges including attempted murder and residential burglary. he faces 13 years to life if convicted of those felonies. police say 42-year-old david depape broke into pelosi's home, woke him up and demanded to see his wife early friday morning. mr. pelosi still managed to call 911 and according to the fed after the depape told authorities when police showed up to the house pelosi ran and opened the door and grabbed the hammer that he was holding. police say when they arrived they witnessed depape gain full control of that ma'am hammer and swing it into hellos sy's head. depape was going to hold nancy hostage talk to her. if she would tell the truth he would let her go and if she lied he would break her kneecaps.

depape viewed nancy pelosi as leader of pack of lies told by the democratic party. he told police by breaking her kneecaps she would have to be wheeled into congress to face the consequences of her actions. >> appears this was based on his statements and comments that were made in the house during his encounter with mr. pelosi this was politcally motivated. reporter: authorities determined that depape has been living in the garage of a residence near berkeley. he has been described by people who reportedly know him as a drug addicted homeless person who suffers from mental illness. per a i source he is in the u.s. illegally as long time visa overstay. authorities say mr. pelosi did not know depape and they were the only two people in the house during the break-in. mr. pelosi is expected to fully recover from his injuries and the house speaker says it will be a long recovery process. neil? neil: christina, thank you very much for that.

i want to go to randy sutton right now, retired lieutenant, wounded blue founder, former princeton, new jersey police officer, former las vegas police officer. let me cut to the chase. you two not mess with randy. very good to have you, randy. i was thinking, and it happens sometimes where if this guy was brought up on any other charges, not federal charges he would be out especially with the lean bail policies we have in effect. that is scary of itself but what do you make of this treatment here and applying federal charges that would have kept him and did keep him behind security? >> well, you're absolutely right, especially under the previous district attorney in san francisco chesa boudin who was mersfully removed from office and we have a new district attorney there but the liberal laws and the policies in california could conceivably

have led to even low bail or no bail release for this individual. so the feds put in charges on him give as little more teeth to these charges and i have a feeling that he is not going to see the light of day for a long, long time, which is good for the public for sure. neil: if the victim or intended victim, maybe for you, they grant special you know investigation status but for anyone else this would not have happened? >> oh, absolutely not, no of course not. if the fbi putting charges on someone, justice department putting charges on an individual for a crime such as this simply would not happen if there wasn't a special status involved. neil: you know, randy while i have you here there has been a great back and forth among republicans democrats how serious the crime wave is. democrats say it's a republican

fixation. some go far it is a fox fixation. i look at numbers like you do. governor hochul raised the concern. >> these are master manipulators, they have conspiracy across america trying to convince people in democratic safe they are not as states. republican states where they have almost no restrictions on guns, because of the abundance of guns people are killing each other with more frequency. the safer places are the democratic states. they have hijacked this issue, weaponized it against us. neil: i'm thinking of new york, thinking new york city. thinking of pennsylvania. thinking of philadelphia. thinking of illinois. thinking of chicago, democrat, democrat, democrat. lenient bail treatment, lenient gun treatment, if you want to make that your issue but it is quite clear whether you want align it to parties that you know, crime is out of control in the very cities i pointed out and states. what do you make of it?

>> oh, you're absolutely correct. hochul is, i actually view this as a desperation move because i mean, she is clearly lying in the face of the facts and she is trying to divert attention. i view that as kind of desperate zeldin is quickly overtaking her in the polls which is an amazing feat but remember that hochul was part of the cuomo administration which enacted this insanity in new york and of course even though the body count has risen, even though crime is clearly out of control, they have made no moves whatsoever to change direction which is astounding to me and now she is saying don't believe your eyes. believe what i have to say. it is almost, it is almost a joke. but you know, here is the other part of this, neil, you know this, this out of control crime,

these incredibly liberal radical policies that are being enacted not just in new york but in oregon, in the state of washington, now what is going to happen january of 2023 with the quote, safe-t act in illinois, this is absolute madness, neil. this is literally a get out of get-out-of-jail-free card for murderers including every aspect of the criminal ladder. this is about to actually take place. this is going to lead to blood in the streets, of a, of magnitude we have never seen before. neil: you know, very quickly, her ideas and those you know, i heard the mayor of, in chicago say the same thing, it is about the guns, too many guns, too many guns but no one seems open to addressing the lenient policies towards arresting crooks, getting them back out on the street or arresting mentally

disturbed individuals getting them back on the street was not part of this big pow wow of crime types to look how to lessen crime in new york city. wasn't in albany, when the governor had a chance. wasn't in chicago when mayor lightfoot has the chance. if you want to talk about guns, that seems fine, lieutenant but there seem to be broader issues that they are not even touching. >> you're absolutely correct. listen, the toughest gun laws, gun laws in the united states are in chicago and new york. they just haven't been -- neil: very good. >> they have not been utilized. so the courts, the prosecutors, i mean, you look at the prosecutors in new york and also in chicago. not only are they inept but they are, but they are radicals. they come out say we're not going to prosecute people for this. so how can you possibly have an effective criminal justice system? i want to point out the unintended consequences of this,

neil. how this personally affects law enforcement officers. we have an incredible suicide rate in america for american law enforcement officers. it is even, it is even more insane in illinois and the chicago area. we recently my organization, the wounded blue, recently saved the life of a law enforcement officer, who was literally on the ledge. this is happening across america but especially happening in states like illinois, and it is going to become exacerbated as law enforcement officers see themselves as even more ineffective because of the criminal justice system that they are a part of. it is heart-breaking to see. neil: and we keep seeing it across the country to your point, lieutenant. thank you very much, randy sutton, following all of these developments across the country because this is a similar theme that play into one big city after another. in the meantime, well they're already calling on the media, elon musk's goons, referring in

kind of nazi terms here referring to the army he is gathering who polices stays goes, what content comes on board twitter and what content leaves. i don't ever remember that being the prior people running twitter, what they left out on twitter. no goons theres. what is going on here?

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neil: i can remember when she just started here, kelly o'grady, we assigned her one of these elon musk stories. he was going to try to take over twitter. we didn't think it would go very far, maybe one week, two week story, she is still reporting on it 17 years later. not quite but it is the drama that will not end, right? what is the latest right now, kelly? reporter: i know, i owe elon musk a fruit basket for all the airtime i've gotten but listen, neil, he has gotten rid of the board. now he named himself temporary ceo. there is a lot of changes happening over here at twitter

headquarters, really focusing on content monetizaton as well as moderation. so one of the things he seems to be focusing in on premium users to generate capital. "the wall street journal" is reporting that twitter blue will be 19.99 as opposed to 4.99. if you want the coveted blue check you will probably have to pay up. stephen king, said 20-dollar price he would never pay it. musk said, how about 8 bucks. we need to pay the bill. twitter cannot rely on advertisers. the other thing musk is listening to users in order to make decisions about the future of the platform. crowdsourcing whether inactive accounts should be removed. failed short term video platform vine should return. 750% of users said yes on the twitter poll. there was pushback when twitter locked out a arizona gop candidate a week before election day. after the move was brought to musk's attention, that account was immediately restored.

this twitter is leaning into users desired for transparency. the head of safety detailed entire thread to address the surge in hate speech we've been seeing, removing more than 1500 accounts and reducing impressions on the content to nearly zero. these changes really underscores that need for profitability, that need for free speech but neil, i think my favorite change, he ask no longer the chief twit on his twitter profile bio. he is now the twitter hotline complaint operator, which i think what every post-acquisition ceo should call themselves. neil: that is not a bad idea. i should call me the omipotent one on a business card. you own the company. you can call yourself anything you want. kelly o'grady. thank you. he is omipotent one when it comes to finances and the market, he doesn't do that show

though. john tell me what twitter is doing to make money and make sense? he is has run into a buzzsaw of criticism blowing up the place with tiered content. he had a tiered service with disney plus. i've seen that certainly with netflix, a host of services going that route. this is a different case i grant but what do you make of it? >> he is trying not to rely on advertising dollars but user fees or subscription fees. that may not be a bad idea. that way you get rid of some of the phantom accounts quite quickly. i think it's a move in the right direction. might actually improve the quality. as far as content is concerned it is very important that they do whatever is necessary to eliminate hate speech and of course you want to really go out

of your way to make sure that users of twitter are not going about making violent threats against other people. neil: yeah. the one thing i read in a lot of this bad press he is getting is that somehow violent threats are only orchestrated by conservatives or those, let's say loyal to former president trump. i seem to remember a lot of bipartisan dangerous rhetoric but leaving that aside, what do you make of the uproar that musk is getting? kind of to shake this thing back to its core? >> the problem with the uproar it tells us how dependent progressives or liberals of the left, how dependent they are on censorship to make sure that their idea is the only idea that gets across to the american people. and i don't see how you can possibly say that you are a defender of democracy if you

rely so heavily on censorship. that makes no sense. if censorship becomes widespread, that to me is the death of democracy. neil: well-put. john lonski, very good seeing you my friend. thank you for taking the time. you know, been hearing about all of these strike threats and another rail strike they hope to avert by a vote, once again put down so the strike is still on. maybe it takes place in formal ways right after the election. it got me thinking always dangerous i like to remind you, delta pilots are not dismissing a strike of their own. when is the issue. this morning's news, other airline pilots are considering the same. it is striking, isn't it? ♪

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♪. neil: it's striking how many strikes are in the air right now. delta air lines yesterday where the pilots authorized a strike even though a walkout for the time-being remains unlikely. ditto united pilots, they're looking at a strike but so far not calling for one. a walkout not immediately planned even though it could disrupt holiday travel plans. we'll get to that a little later in the show. the biggest of the big, the one with the impact on the overall economy. the rail strike the administration thought it resolved a little more than a month ago. then after two different votes knocked down by the very people with whom the administration was negotiating. so where is all of this going? hillary vaughn on capitol hill with more.

reporter: neil, is the second rail union to reject the deal the president thought he brokered between railroad union leaders and railroad companies making the possibility of a crippling rail strike more likely even though the offer on the table comes with a lot of cash. the deal includes 24% wage increase for workers, including a thousand bucks on average immediate payout for employees. maria bartiromo talked exclusively this morning with the head of the second rail union to block biden's deal who says the bump in pay is not good enough for a lack of sick leave they want in the deal. >> our members, railroad signal man rejected this deal because they need sick time. it is an issue for more than one organization. you have two more, the two largest organizations are still out there. they still have to ratify it. if we care it to the end that is what we'll do. reporter: association of american railroad the claim that railroaders don't get sick benefits is not true, saying this in a statement.

while statements have been made about rail workers being unable to take time off this is false. most railroaders, brs members included are scheduled employees who work predictable schedules, with ample paid time off and generous sickness benefits begin after four days last up to 352 weeks. the strike wouldn't head at election day but the threat remains if the 12 unions don't ratify the deal, the tracks could come to a halt november 19th. in could cost the u.s. economy $2 billion a day. the white house is trying to avoid a rail crisis. >> the president said any shut down could be completely unacceptable. it is the responsibility of the parties involved to resolve this issue and any idea that kicking this to congress will result in a quick or favorable outcome is

deeply misguided. reporter: neil, the rail industry moves 40% of long distance goods including critical things like drinking water and electricity supplies. headed into the holiday season a lot of holiday gifts, food for the holiday season are transported this way. so a rail strike in late november could be a "nightmare before christmas" for many people. neil? neil: santa, not happy at all. hillary, thank you very much for that, hillary vaughn on capitol hill. you ever curious what your colleagues are making? there is a law in new york that says well you kind of have to find out but there is a wide range there. what ticks me off i found out other anchors here are paid. yikes! we'll have more after this. ♪.

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and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. ♪. neil: what if you knew ahead of time what the salary range would be for the job you're looking at? you know, it could be a pretty wide range. it could be something. in new york essentially it is the law now where companies have to outline that range.

now as i said some of them could be so wide you might wonder whether it is the worth the paper it is printed on. it is a first here. other states are utilizing the same sort of magnifying glass so that those who work at a company can know how well, their colleagues are doing at the same company or other companies. gerri willis with more. gerri? reporter: well, that's right, neil. starting today new york city employers of four or more people will be required to disclose wage ranges for new hires. now new york city joining california, you can see on the map, colorado, connecticut, washington, nevada, maryland requiring such disclosure. advocates are saying this. it is increasingly likely large companies will simply adopt the disclosure practice countrywide. advocates say they believe disclosure will help close the gender pay gap. the information is required to be included in job posts online. companies like macy's zillow are

posting them on job postings. this is macy's post for director of digital analytics. there are critics. that this will be tricky to follow in a tight labor market of the listen. >> most employers know the last year, year-and-a-half will make it a difficult hiring market. this may make things worse, because now your competitors will see your salary information and they know exactly how much they need to pay in order to direct candidates their way instead of your way as well as your current employees. reporter: leading to even more competition for workers. now what's more critics point out in some lines of business salary isn't the most important source of compensation. on wall street bonuses are typically a critical form ever pay. likewise the disclosure won't make information on benefits transparent. penalties for violating the new law are high as much as a

quarter of a million dollars, 250,000 bucks but authorities are signaling they will go slow on fining companies at least at first. neil? neil: thank you for that. nicholas pappas does this for a living, how of people are paid, how far this goes. nicholas, it is not automatic other companies would know what you're earning. think might have an idea of the range but the idea that your own company or people working at your company would or potential competitors would, is that a gimme? could you explain how that works? >> well it's not automatic and it has not been automatic in the past but with this law that goes into effect today for employers with operations in new york city it's now got to be in your job advertisements for job offers, promotions, or transfers. so if an employer advertises the employ hears to make that information known. so your competitors and your

coworkers will then know what the salary range is. the term is good faith salary range. it is not perfectly defined what the range will be but it has to be done in good faith and it is an honest assessment of what an applicant would be paid upon receiving the job offer. neil: it's meant to address discrimination in the workforce or you know, what is out of whack say for women or minorities what have you, i'm not quite sure the catalyst for all of this. will it address that? assuming that is the case where it is disproportionate unfair will this make it more fair? or are there ways around this that makes a mockery of it? >> there have opinion such studies, neil, that suggest transparency will promote increasing compensation for workers who historically have been underpaid and as you say

close or help to close the gender pay gap. i have read that, for example, in the federal work place where there has been pay transparency in the past the againer pay gap has been smaller in the federal work place than in the private work place. so there is some evidence to support that is a possibility but you know, this is a brave new world. as you noted this law has been in place in colorado in the past and now new york city. neil: right. >> right? those other states that you mentioned in your the earlier part of your interview, those are not about job advertisements but about you know, if an employee asks they can be told the salary range or at a later point in the process but this new law applies to job advertisements, right? so that is very early in the process and potentially will change things. and as you say there may be a trend. california passed the law that goes into effect on january 1. so this, does appear to be a

trend that will be more and more common for private employers. neil: nicholas, i apologize for coughing there. nicholas, looking at this. this is the new wave as new york goes, so argument others will follow. other states have been doing this we'll just have to wait and see. we'll have more after this. .. y monday is a huge deal. get a $79 hp chromebook... plus other hot deals. join walmart+ and you can shop online 7 hours early! head to walmart's black friday deals for days.

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