♪. stuart: i'm got this one but i will let ashley go first. which, sofia is the capital of which country? it is yours. >> i know this through football teams, stu, growing up. that is how i learned geography. it is bulgaria. they have a good football team out of bulgaria. stuart: you're right. that is easy one. send in "friday feedback." send in "fan "fan friday" video, tell us who you are, where you're from, watching "varney & company." you might make it. time is up for me, but neil, it is yours. neil: not once have you run any of my email including one i was disguised in the video where i was saying awful things about your show. you have a good clearinghouse.

stuart: send that to me again. neil: could we sent that again? stuart, thank you very much, washington, much of the political world is focused on the president's documents and how they keep turning up in the most bizarre of places. edward lawrence focusing how that is being balanced out for inflation news i don't know about that is helping the market that is the good thing about edward. he cuts through all the nonsense. edward, you're there at the white house. they have a lot to chew on, don't they? >> reporter: we'll have couple top picks. president biden did confirm a second set of documents was found near his corvette in his garage. he said it was a locked garage. he added this. president biden: they found a small number of classified documents in file cabinets at my

home in my personal library. -- was immediately notified. >> reporter: the reason the president made the comments the first place, why he was there, because of the new cpi inflation report, showing overall inflation fell to 6.5%, still well above the 2% target, three times as much. a heart part of the reduction was caused by energy prices falling. when you look at the report, there are concerning trends people paying for rent, up 8.3% year-over-year. a significant increase especially when you add in food inflation. bread almost 16%. eggs up 60% year-over-year. milk up 25%. lettuce up 25% basically over the past month. things people need to buy. still president biden believes all the government spending is working. president biden: we acted decisively to put in place to build, would rescue the economy from the pandemic downturn. at the same time we laid the foundation for a longer, more resilient economy for decades to

come. now two years in it's clear, clearer than ever my economic plan is actually working. >> reporter: so in this report in those areas where interest rates makes money more expensive, buying a new or used car, buying large appliances inflation came down. basically people stopped buying things. experts worry as consumers stop buying larger purchases, that pushes us toward recession. this will likely keep the federal reserve on the path of two more rate hikes, 25 basis points each and possibly a pause. neil: you have good connections with these guys. in st. louis fed president james bullard is on the wires saying, we're moving in a era of nominal interest rates quite a while moving forward to get inflation back to target. he went on to say, likely scenario inflation will remain above 2%. policy rates need to be higher

for longer. did this even in the face, maybe deliberately in the face of this report. what do you make of that? steady as she goes? nothing seems to have changed. >> reporter: philadelphia federal reserve president this morning patrick harker had similar comments they will have to keep the federal funds rate higher than they think, longer than they think to get this down. harker believe the, federal reserve president, inflation won't come back to 2% until 2025. you're looking at higher inflation. when you look at data on inflation, this are pressures or of the end of this year for inflation to come back up. that's a concern whether the fed will stop too early that will be the debate internally over next two meetings, how early to pause, how to stop. neil: so good, i always enjoy hearing you you edward lawrence at the white house parsing through all of this. we're waiting for another round of district presidents and fed governors.

i believe bullard. natalie you relayed to me bullard is not a voting member, not a voting member but again it almost doesn't matter because there is group think with the fed and the group thinking now is we ain't done. david spunt is following another situation here. that is all these documents, what the attorney general of the united states might do, merrick garland. he has been following all of that from the justice department. has the latest. what is going to happen now, david with all of these revelations? >> reporter: we know we'll hear from attorney general merrick garland in about an hour here at the justice department. will he announce a special counsel in the biden classified document investigation? that is the big question we're trying to find out as he makes this announcement. listen, neil, merrick garland, attorney general, top law enforcement official in the country is in enormous pressure cook are right now. not only investigating his boss, the president of the united states, but there is new information that just came out about more classified documents found in his garage as you

mentioned in wilmington, delaware, and this new information does not paint the president in a positive light. garland announced the appointment of jack smith as special counsel on november 18th to handle the mar-a-lago trump document scandal. the question, will he do the same here? now we know that on two weeks before november 18th when he announced jack smith, biden lawyers notified the national archives about the reported stash of 10 classified biden documents. then doj was notified but we don't know specifically when. it is possible, neil, that the attorney general on november 18th, when he made the announcement about the trump special counsel knew about the biden classified documents at the same time. now we know that garland referred the biden matter to u.s. attorney john losh in chicago, who happens to be a trump appointed u.s. attorney. i'm told garland told us

initially comfort u.s. attorney appointed by trump looked into the view of the biden classified documents to keep it somewhat apolitical. another trump appointed attorney, david weiss has been looking into for some time the hunter biden investigation but there are calls for garland to appoint a special counsel in that case as well. garland is in a tough position as i said, a virtual pressure cooker not only is he dealing with investigations involving former president trump and hunter biden but once again an investigation that is continuing to evolve involving his boss the president. we'll hear from him at 1:15 here at the justice department. neil? neil: got it, david, thank you very much. matt whitaker, former acting attorney general. get his take on this. matt a couple ways to go, go back to the old nixonian thing, what did he know, when did he know it, but what is more worrisome, if he didn't know, all of this happening

unbeknownst to him, that raises another series of questions. your thoughts? >> neil, food to -- good took with you today, the question is the what are the facts with the joe biden documents. we need to see almost everything, seen pictures of the documents spread across the floor in mar-a-lago. in this case we have not seen pictures of the documents. merrick garland, what he knew, what he has been doing. i fully expect merrick garland knew these documents existed was hoping to run out the clock, this would never see the light of day and you know, now he is caught in a really difficult question because, as we have talked about he have there is a two-tiered system of justice they come after donald trump and his associates with much more power and enthusiasm than they do joe biden hunter biden and what appears to be the at least similar acts, again we don't know enough on the joe biden

piece. the second tranche found in a locked garage in his corvette is outrageous. these are classified documents. there should be some care taken to protect the contents. neil: do you think he knew they were there? they are very clear, biden administration people, when comparisons are invariably made, who are you to criticize donald trump and documents found at his mar-a-lago home around they were quick to respond in defense of the president, at least he didn't have them stashed at his home. turns out he did but again comes back to whether even knew that. i don't know what is worse? >> well, remember, this first tranche that was found at the penn biden center was found in a manila envelope marked personal. we need to know who put them in the envelope, who marked it personal. if joe biden did that, to me as prosecutor that was intent to conceal. that is very concerning. so again, this is where merrick garland, the attorney

general's job is not easy. i know that first-hand but i tell you this is where merrick garland needs to be above politics. he is not to protect the president. what he is supposed to do is he is supposed to do justice and be blind as the application of justice and have the law apply equally to all citizens. this is a test for him. he is either going to fail it or pass it in the next hour. i fully expect he will fail it because that is what he has been doing for his entire term. neil: he could do a variety of things. what would you like to see him do, matt? >> what i would like him to do two things to appoint a special counsel. i know john loge in chicago. he is a good attorney. need same rules applied to everyone. appoint a special counsel. we'll use the same legal standard to evaluate these cases. neil: so if he doesn't do that, at the very least this, you know

avalanche of investigations and special counsels and punishment being called for donald trump, i would imagine that goes away? >> i think it does. as soon as these documents were found in biden's possession and now various locations i think it took a lot of the steam out of the donald trump investigation. again there was not a prosecutable case there. we've talked about that before but certainly that was the sort of damocles hanging over donald trump and his campaign. now joe biden, he can point to joe biden he did it too, you're treating me differently, i think that takes a lot of the steam out of that investigation. neil: real quickly, matt do you think there are other documents? this is a process seems out of control not only with this president, what was found at mar-a-lago, whether justified or not with donald trump, seen it with general petraeus, sandy

berger, hiding documents in his socks, there is a history of this craziness? why is that? why are these documents so spread out, even institutions that have control of them don't even know where they are or get late wind, oh, this one is missing? >> well, right. that is what we learned about the donald trump case, there was a law, they were looking forespecific documents missing. in joe biden's case doesn't seem there was any log. these were purloined out of the white house without anybody knowing. i know when i handled classified documents i never kept them on my desk. made sure they were in the scif. certainly didn't take them home. i'm surprised how calf clear joe biden was as vice president, would have them within boxes with his corvette in his garage in wilmington. you either apply the rules the same or you end up with this two-tiered system of justice where the biden administration appears to want to go after donald trump. they will use any means necessary. now it has blown up in their

face. neil: even wilder if they were in the glove compartment of said corvette. then, we don't know that happened. >> we don't know that yet. neil: thank you very much, matt. happy new year, appreciate expertise. matthew whitaker, former acting attorney general of the united states. dow is raising higher at 242 points. a better than expected inflation read that seems to show a trend we're through the worst of it and the markets are interpreting that as a sign the federal reserve is going to go slow or maybe not hike as much. i don't know if that is such a guarranty. that is what they're hoping for. we're getting word out of washington they're looking at ways to really try to get an idea how the faa screwed up and what can be done right now to investigate that system outage that has now been racked up to a glitch. that can cover a lot of things, a glitch. after this.

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♪. neil: all right, first come the cancellations, flight delays and now the investigations and god knows what. chad pergram on capitol hill with where that's going. chad. >> reporter: neil, frustration with the airline industry is monumental but the administration is defending the secretary of transportation. white house chief of staff ron klain criticism of pete buttigieg. ridiculous. he said buttigieg has done a incredible job. some gop members want to penalize buttigieg. >> live by the same rules americans does. they shipment worry about flying out random wednesday morning with fear that thousands of flights will be canceled. >> reporter: one of the biggest issues is leadership at the faa. there is no senate confirmed faa administrator. plus other top positions remain unfilled. >> they don't have leadership, they don't have anybody leading the faa right now, they're not filling those positions below.

so obviously pressure needs to be put on the administration to get that done, get us a candidate, by the way with some aviation experience. that is just as important as anything else. >> reporter: the airline industry scored close to $80 billion in federal aid since the start of the pandemic but cancellations have nearly doubled since 2018. lawmakers have questions about the money allocated by congress. >> congress approved for the airlines was to keep people employed at the airlines during the pandemic. it's a very different situation than what we have seen over the last couple of weeks with the southwest airlines cancellations or even today. >> reporter: senate commerce committee chairwoman maria cantwell plans hearings later this winter. she says congress may need to reconsider giving money to the industry as lawmakers prepare to rethorrize the faa.

neil: thank you, chad very for much for that. i want to go a nothing republican congressman what he makes on this. congressman, first to have you. first on the faa thing do you think an investigation is now required and assessment where the money from the faa and air industry itself got for infrastructure and where it is going and how it is being allocated? >> neil, thanks for having me. i think there will have to be questions answered. the fact they're calling this discuss a glitch but it was the first ground stop of all air traffic since 9/11. they're blaming it on a corrupted file. you know, there is no, no evidence yet that this was a cyberattack. we're not saying that it was a cyberattack but the fact that they a corrupted file took down not just this system, notice system and but back-up system. canada's air mission program also had problems yesterday.

there are definitely questions that have to be answered by d.o.t. and dhs. neil: i always get worried, congresswoman, and you do too, terrorists get an idea what we went through, that the whole system was down for the hours it was. obviously whether it is the grid we're talking about, or advanced computerized air traffic control system we got some problems? >> absolutely. they're always watching. they're not just watching and looking at what vulnerabilities there may be but also looking how we respond. they learn from our response so they can get smarter when there is an actual attack. so this is, this is stuff that we have to get on top about. we also have to look to see whether the government accountability office who makes recommendations to all of the different agencies, whether they made these recommendations this old system be updated and whether or not the fa a-listened. there are a lot of open questions here.

i'm sure the new incoming chairman, mark green for homeland security, he will hold some hearings just to get those answers. neil: you know, i think you would have been selected to serve on the house committee on financial services so this might be perfectly timed for you. this inflation report, the fact for now, congressman, i always say for now because these markets are crazy, they're racing ahead on the notion the federal reserve might be able to cool it now on the rate increases and the pace of them. do you agree with that? would you welcome that? >> well, look, i'm, i'm very focused on inflation. i'm very happy to be a new member of the financial services committee. as i saw at the beginning of hour on the show everything is still up. the cost of rent, the cost of food, the cost of gas, it is all still up. my constituents are talking to me about it every day. we need to get a hold on inflation. looks like it is slowing down a little but it's not slowing down enough in my opinion where, we

can just literally let off the brake here. inflation is the number one issue in my district, all of the country i'm sure. so we need to make sure while wages are going down, costs are going up, people can still afford to eat, drive, get to work. neil: those are good priorities. congressman, thank you again for joining us and appointment to the financial services committee. it is an important one. president is seemingly battling a lot of folks but his battle waging against technology companies has some fearing this would be a pile-on after this. ♪. i'll remember that chapter of my life forever.

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neil: all right, president biden has a lot on his hands right now, a lot to answer for but when it comes to big tech in a new op-ed he is continuing to call on congress to rein them in. that they have done more harm than good. hillary vaughn still chasing people through everything she is dealing with and trying to get to the bottom of this but, hillary, what are you hearing? >> reporter: neil, president biden really making it clear in the op-ed that he published in "the wall street journal" that he is tired of waiting for congress to act on big tech and he wants them to take action as soon as possible, writing this, quote, our existing authority has limits. we need bipartisan action from congress to hold big tech accountable. we heard a lot of tank about creating committees. it is time to walk the walk and get something done. the president says he wants to reform section 230, the law that protects social media companies from legal responsibility for what happens on their platforms.

reporter: when it comes to liability, does he think social media companies need to have some skin in the game where they could be sued over what happens on their platform? >> when it comes to reforming section 230 he calls, continues to call for that increasing competition, reducing the impact of tech companies have on, over our lives, extends back to the campaign and he has reiterated them as president. so he will continue to do that. >> reporter: even though there is strong bipartisan interest in going after big tech here on capitol hill, both sides have been frustrated with the lack of floor action that their bills have received. republicans in the house say that is about to change with new leadership. >> if you want to know i was talking with congresswoman jayapal about the big tech legislation i supported with her to break up these companies. we were talking about during republican control could we get those bills to the floor that nancy pelosi wouldn't bring to the floor while her husband was trading big tech stocks.

>> reporter: neil, it is important to point out the frustration from the president has to be in part pointed at people in his own party. democrats controlled congress for the past two years, perhaps him publishing this op-ed, making it clear big tech is priority for him will convince democrats to work with republicans to send something to his desk. neil. neil: thank you for that hillary vaughn. connell mcshane following developments including elon musk and his personal wealth which is not as much as it used to be. >> reporter: neil, you have to be really, really rich to lose $200 billion and still be really, really rich. 182 billion is the estimate forbes has that elon musk lost since september of 21 in his net worth. here is a guy was worth well over 300 billion at one point. he was the richest person in the world by far. now he is not anymore. the experts at the guinness book of world record, he has broken

their record, quote, largest loss of personal fortune in history. nobody ever lost this much money at least on paper of course. the slum in tesla shares has a whole lot to do with it. 121 is where tesla trades now. this is the one-year chart. you see it down, almost 65, almost 66% over the course of 52 weeks. that will do it. a lot of his net worth is tied up there. if you're a trivia buff, this is the previous record holder. san, he lost nearly 59 billion when the tech bubble burst back in 2000. nothing compared to elon musk. let's go to disney world as the company adjusting pricing at theme parks with bob iger back in charge. more flexibility to move between parks. lowering price of lowest ticket. florida annual pass holders will be able to come in after two p.m. without making a

reservation first which apparently was a thing. the stock is up over $100. $4.25 higher. nelson peltz launching a proxy fight looking for a see on the disney board. investors are responding to that. cord-cutting strikes again. directv laying off hundreds of managers. it works out to 10% of the upper ranks at the company, obviously a cost cutting move. if you look at the numbers, the rate of people cutting the cord, dropping cable or satellite together that picked up in the third quarter last year. that puts a lot of pressure on a company like directv. neil: indeed. thank you very much, connell mcshane. connell is touching on it here, tesla, stocks like that are under pressure. nothing to the degree of their owners or founders being under the pressure right now that elon musk is, eastern though as connell pointed out he is still one of the world's richest people. draw your attention to the nasdaq itself, it has put in a pretty good year, talking to

charlie brady, senior editor, stocks editor, all things brilliant. not only major averages up year-to-date a clear reversal of the debacle last year, nasdaq itself up in excess of 4.3%. even with tesla dragging that a little bit. ray wang with us, constellation research, ceo, very good on all things technology. i never liked to make this leap, right, but i will try with you. does this have staying power? are you i impressed what you se? could go in new york minute if we get surprise on inflation front. higher interest rate front that goes beyond what we thought the fed would do. but what do you think? >> after last year the only place to go is up. even if interest rates hang up, still inflation what we're really looking at is really a much better year hopefully for the nasdaq because of where we are coming from year to year lows. there are some fundamentals that are good-looking out there.

we've seen good stuff coming in what tesla is able to do. seen good stuff that happens from amazon. there has been an overall reset in the tech market. so i think that bodes well for investors betting on tech and big tech. neil: you know the story for big tech, of course it got clobbered last year, nasdaq lost about a third of it the value so a comeback is in order. i wonder what you think of this year in general whether a comeback is in order? nasdaq at session highs, dow is advancing, all that you remind plea, ray, could be obliterated but they overdid it but the sense there is a bounceback in order and that is the historical norm we've seen since 1945, 22 some odd recessions or downdrafts we've had since then? >> yeah. i mean p-e ratios are down. what we're all waiting for is what the earnings season will look like for tech, right? we're curious what earns look

like for microsoft, amazon, apple. that will create questions what is going on with tech in general. we're looking digital ad spaces. amazon is probably the third largest digital ad space today. what is going on with meta, what is going on with other stocks, actually google dependent on the ad business, is that coming down or is that stabilized? i think we'll see some stability when they report earnings. of course the cloud stocks are still going to do really well, right? when you think about companies like sales force or companies like service now or companies like adobe, these companies are well-positioned even oracle is well-positioned in terms of the cloud business. i think things will look much better in 2023. i think the tech stocks will come back. we're just really waiting for interest rates, just an indication where people are forecasting earnings towards the end of this week, next week going forward. neil: a good many of the companies you mentioned including sales force, microsoft, we could extend that to intel and amazon. they're announcing layoffs.

in sales force case, 10% of the workforce, thousands already, intel, potentially that many, microsoft. now a fraction of their overall staff, i want to emphasize that, in the case of i believe of amazon, even with the 18,000 planned layoffs, it is barely .2 of a percent of its worldwide workforce but, those are the guys who are best aware of their situation. their ceos and their boards are aware of where things are going and they're doing. so >> they are. amazon's case they have not done, a lot of big tech's case they have not done layoffs in a while, right? usually call 3 to 5% of the workforce. use a force rank system. put that into place this is way below that i'm glad you mentioned that yet again. >> it is way below that and so they're kind of bracing recession but what we noticed in almost every single tech company there are two plans. one is for recession and the

street and one is for growth. moats folks believe we're not in a recession. we might enter a recession, if we do it will be short, one to two quarters especially on the tech side. when you think about what is happening been in the situation since davos in may psyching ourselves into recession. u.s. is great. middle east is doing well. india is doing well. the rest of the world is starting to come back. i think we might catch it at the same time. neil: ray, thank you very much, knock on whatever. let's hope you're right. ray wang right there. a lot of people use technology as a proxy for market leader last go round of the bull market. hoping to duplicate that if this is a turnaround. we'll see. meantime looking the latest look at weather, not out west where always seemingly dicey, but what the southeast is getting ready for after this. ♪.

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make a sound decision. call 1-800 miracle now, and book your free hearing evaluation. neil: all right, this time not just the west coast particularly california dealing with nasty weather. now the southeast bracing for what could be some pretty severe storms. will nunley there with the latest, will, fox weather multimedia analysts journalist extraordinary. what are we looking at, will? >> reporter: neil, unfortunately there is another see sear severe set sup of storms, mississippi alabama. two dozen warnings have been issued. i'm scanning the roads in the fox weather beast. we're outside of calhoun, georgia, south of chatanooga, flipping around on interstate 75. these are instruments we track

with the conditions. we want to alert folks in the atlanta area. this storm has a history of producing damage. we look at storm reports coming in, a lot are centered in alabama at this hour but, neil, we have reports homes damaged because of this. even 18 wheelers turned over on their sides in parts of alabama. birmingham getting through the worst of this. i have a lot of concern as we look towards the afternoon, rush hour commute in atlanta. a lot of storms are racing through, one of the biggest cities in the south, just as rush hour comes into play. i really want folks, on atlanta side, georgia paying attention to the storm here. we have the latest conditions in real time as we look out live here with the fox weather beast. we're streaming along on fox weather this hour. pull it up on the free fox weather app, neil. have the two screen experience. we want to keep everybody ahead of the storm. unfortunately this is yet another serious system to contend with.

neil: you and your group, be careful, will. appreciating that, not appreciating crime, it is rampant but what is happening in some places beyond your imagination after this.

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♪. neil: been there for 21 years. >> correct. neil: are you rethinking it? are you scared? >> i'm being told to be scared. i am being told to be scared and relocate. i don't live in new york city and so everyone is telling me, relocate your shop. neil: easier said than done. >> not only is it difficult to start fresh, that's my home. that is where my clientele is and i don't want to be scared. i don't want to run away from anything. neil: it is the story of our times right now, the crime wave pretty much gripped the nation, not only jewelry stores here heretofore never been attacked her was, she survived it, she is okay, two million dollars worth of goods gone, the guys perpetrated it is are still on the hunt. madison alworth, not just hitting those locales, grocery stores. they have anti-crime commissions to deal with it.

it is out of control. >> reporter: it is out of control. when you steal less than a thousand dollars worth of goods it's a petry crime. they teamed up to be a collective group. power in numbers, they're asking for major change. the name of the group is collective action to protect our stores. showing some video here of one of the recent incidents. it is just another example what the stores are leaving with. shoplifterrer refused to return items they had stolen there is tussle. the shoplifter pulls out a knife. the collective are acting for things like change in the law. cereal shoplifters who cumulatively steal more than 1000 goods at a time, are charged with grand larceny. a move they think make a big impact. many crimes are perpetrated by a brazen few. look at this, 2022, 22,000 shoplifting arrests. just of those, 327 people, 327 people accounted for 30% of the

arrests. so that group constantly hitting stores. a grocery store owner tells us this crime is making it near impossible to operate from both a financial and and a personnel standpoint. >> one of our cashiers, bookkeeper, almost got stabbed. she quit on us. that was an excellent employee that puts us in a bind because they fear, they fear coming to work. it's a shame. >> reporter: of the 327 people i mentioned earlier that were arrested 30% of the time, 235 of them are back on the streets. >> this has been the worst thing they could do to this city. that is why we have this problem now. we have career criminals who are not afraid to come and shoplift getting caught because they will get a slap on the hand, go home, come back the next day. >> reporter: the group is hoping mayor eric adams will make good on the promise to address increase in shoplifting. it hits big stores, small stores.

for grocery stores in the neighborhood like the bronx, if you lose a grocery store, lose access to fresh meat, fresh produce, that is a huge deal for a community like that. neil: in the first video, madison, had a knife pulled on him, switchblade, whatever it was, is he okay? >> reporter: from what i understand no one was sent to the hospital after that. as we heard later on, the cashier who was almost stabbed that is incredibly emotionally damaging. she quit. why would you -- neil: i don't blame her. >> reporter: i would not want to go to a job where i'm threatened with a knife. absolutely not. neil: great reporting, madison. thank you very much. want to go jack brewer on this. this is near and dear cause. former nfl great, jack brewer foundation ceo. jack i was thinking of you, in chicago there, the mayor has an ad touting the fact it is under control. i want you to respond to this. >> it is mind-blowing. neil: one second. >> but on crime mayor lightfoot

has got a man. she is putting more police on the streets and getting more guns off them. when it comes to new strategies, new strategy, lightfoot invested more than anymore. those are facts. >> anyone that says there are simple solutions is lying. neil: all right, sorry for confusing you there, jack. i apologize. you know the gist of this ad, there is no problem. she is making great headway. crime is coming down. what do you make of it? >> it is manipulation and i think that is the issue we face right now in cities like chicago and all over the country is many of our leaders have the audacity not to address these issues. you hear stories of poor people, store owners, folks trying to live their lives, sending their kids to school every day, i was, i've been in two prisons this week. i was actually in a juvenile facility yesterday. to see the spike in juvenile crime, in gun violence, it

really is depressing. i must, i must admit, i was blown away by the number of violent crimes happening by kids at such a young age. in chicago is the epicenter of this disaster. for lori lightfoot to get on tv and to run an ad like this that manipulates so many people, it is disheartening. it is sickening. manipulation is witchcraft this is something that is demonic, spiritually, for you not to really have the love in your heart for the people who live in that great city. enough is enough. neil: but you know, these mayors and, prosecutors and all of them, almost all cases, they get reelected, again and again and again. now of course this is a unique situation. things have really gotten pretty bad, that might change, but i'm sadly betting it probably won't. why is that? >> because the culture has

started to embrace this thought of having broad sentencing reform. so sentencing reform without rehabilitation doesn't work. i sit on the board of the geo group. we have prisons across the country we manage rehabilitation centers, programs that actually help people rehabilitate, not ones that embolden criminals by just letting them out before they have had the process. soft on crime doesn't work. smart on crime does work. and so for some reason many of these liberal-ran states, legislatures are starting to continue to push this soft on crime mentality which is dei fromming cities across america. you have to have rehabilitation programs. you have to make a criminal know that they either have to sit their time or truly rehabilitate before you put them back out into society. neil: but, we don't do anything that makes it easy like in new york, $1000 worth of stolen goods, just a petty crime.

you might have your wrist slapped but that is the extent of it. we had similar laws in effect much of los angeles, california cities. they have been eased back, tightened a little bit. there is still this we'll condone it, let it go by because we're busy doing other things. so that has got to change. >> it does. it has got to change fast. because you're going to start having businesses, that are moving from communities and really poorest of the poor are the ones that will be impacted by it. criminality that is something that also takes some skill, it takes art, it takes brilliance so to speak to be able to figure out how to commit crimes and make a living from that. so if you don't approach that with that same mentality, you continue to give grace to all of these criminals by telling them the exact number of goods they can steal, tell them the exact amount of time they will get for committing a certain crime over another, folks will continue to do it. so we got to out smart these

criminals. you outsmart them keeping them on their toes. having real criminal justice policies that is not soft on crime. making them sit in jail when they need to sit in jail. being able to look and have programs that can assess, to make sure that someone's ready to go back out into society before you let them out of prison or jail. neil: jack brewer, thank you very much. a lot of common sense ideas. we'll see how receptive a lot of these cities are to them. jack braugher, former nfl great. i do mean great. i do mean serious rally going on at the corner of wall and broad. dow in and out of session highs up more than 300 now. on wires, number of fed governors, fred barkin saying despite recession scares, the data on spending employment, have indeed pushed the risk out. is that the case? i think you might ask taylor riggs. she was at bloomberg.

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