- whoa! what are you doing here? - think of me as like your hairy godfather. i'm here to help you get your hair back. (whispering) let's go. i use ext, extreme hair therapy. it regrows your hair and it slows down future hair loss. - and xtrands+, a non-surgical option that provides you with natural looking hair - and you want to know the best part? feeling more confident than you've ever felt. hair club. the real you is up to you.

neil: the orchestra, we are being brought down, the stock market doubling 370 one. 5 points and a lot of it has to do with financials particularly goldman sachs, disproportionately hitting the dow, the career components and cost half of this loss, not nearly as bad on the nasdaq but bottom line, that is where this is concentrated. kelly o'grady has the latest from los angeles. >> reporter: the big take away as we are squarely earnings season and a lot of the movement we are seeing is in

response to the big banks reporting quarterly earnings and investor concern about what that signals for other sectors and you are seeing that in big tech today, amazon, alphabet, netflix down 1.2%, netflix will report on thursday, it is a litmus test for what we can expect from others in the tech sector. apple has a bump news the new macbook pro todd: many but what we are seeing, the overall uncertainty, you see investors moving from big tech, particularly a growth sector to more traditional secure entities but not all bad news. one great spot for you today, crypto. after a year in a bear market the major cryptos are up today, they've had a strong run since the beginning of the year, some saying we may be at the bottom of the market. i want to call up bitcoin's performance. it on the verge of its longest winning streak in a decade.

it climbed above 20 one thousand for the first time in two months this weekend and important to note this is the first resurgence we've seen since the ftx drama. leftist a lot of short-term traders and missed the chaos but i've talked to some data analysts who say 80% of the coin is held by long-term investors which is why you are seeing that stabilization. if you love starbucks like i do you don't have to go to the shop anymore. they will expand the partnership with the coffee maker to alter these states by march of this year you see the stock is up 4% on that news. starbucks has been available for delivery, but that doord-ash is a way to entice workers to buy the coffee that has gone remote. personally i like the experience of going to the shop and ordering coffee but somehow i always end up with a mexican croissant as well so this is better for me.

neil: a cup of coffee is going to be one hundred dollars. i exaggerate. what are option do you get? wild stuff, thank you very much, kelly o'grady on that. mitch rochelle, following up on crypto. a lot of things to talk about, what do you make of that. it defies a little bit of logic, now we are over 20 one thousand, advising, if kelly is right, it belongs, controlling this. >> why would it go up? you would think they owned it, they are buying it now, maybe cashing out positions that people are highly leveraged, i don't know, but with these assets. neil: it didn't tumble. that is remarkable. >> i stand corrected because i said multiple places that would

be the end. and i think that bodes well for the coin bases of this world that people thought were next to fall after ftx. so -- they are not in ftx and i think maybe the fact more shoes didn't drop had people who were thinking of bailing out, who may be long-term investors staying in the asset class. neil: when you started this year and you were looking at real estate but it is not crashing as you said in the last hour, the market had a horrible year last year, it was due for a better year, interpreting the first half of january as a sign of the standing that we are in for better days. where are you on this? >> what is interesting is the blue chips are probably the

place that investors will find over the long-term, last year you had the energy sector outperforming. neil: up 60%. %. >> if you had a location in energy you look like a hero, or looking for the good old days of tech, you're a loser. what struck me in the earnings report from the big banks and brokerage firms is how well the wealth management divisions did. in the fourth quarter last year, let's remember fourth quarter of 22, a pretty good month for many in the stock market. you would think wealth management would have suffered but the terrible year you had in stocks, that suggests to me money is in the hands of the wealth managers, may not be deployed in the market but they are making money, managing people's money, and there is a floor underneath the market because the cash is there. when we have big dips you see more money pouring into the market.

the thing that strikes me is the recession inevitability is there and the question is whether or not that is priced into the market. we all talk about markets. neil: everyone is saying recession recession recession. some more severe than others, but just being a contrarian and saying maybe not, what do you think? >> i will give a shout out to peter doocy who published the annual ceo survey, 70% said there was a recession coming so that is not a surprise but 70% of ceos said their companies are more nubile today than ever before coming off the heels of the toughest 3 years in any corporate management, talking about the ability, they feel better positioned right now to pivot than ever before so maybe, just maybe, even though there is a recession coming, the companies are prepared, they know how to dial back

spending or change business models on the fly, maybe we can get through it and the stock market is anticipating when the recession comes it won't kill themselves. neil: what we have seen, one. 2% of its workforce, microsoft with a couple thousand likely going a fraction of its workforce over 300,000 so we forget in percentage terms these are bad for the people involved but not nearly as bad as we have seen ahead of other recessions. >> right, and i think in other recessions there were wholesale layoffs across all industries and you were criticized as a manager if you didn't fire a chunk of your workforce, now it's very strategic, very tactical. goldman sachs announced 3500 which is a big percentage of their workforce but not surprising their earnings came out today. that shows you company like goldman sachs are prepared to take those measures and get ahead of it.

neil: good guy, knows of what he speaks. so does jackie heinrich keeping track of the debt ceiling debate. thursday at midnight everything hits the fan. we run out of though, we are at our limit. >> it is not the crisis is that it could be on thursday because secretary yellen from the treasury has some tricks up her sleeve to buy us more time until the spring but as you know, the debt limit is the amount of money the government can borrow to meet existing legal obligations, things like social security, medicare, military salaries. yellen says we will hit that live at thursday so she's going to take on these extraordinary measures that include shuffling around certain funds that will essentially give us more breathing room until we hit that limit, give us cover until spring.

she went on to tell kevin mccarthy that if congress does not act to raise the debt limit, then we will be in serious trouble. failure to meet the government obligations will cause irreparable harm to the economy and global financial stability. indeed, in the past, even threats that the us government might fail to meet its obligations of cause real harm including the only credit rating downgrade in the history of our nation in 2,011 but mccarthy is not in a hurry after committing not to raise the debt them it. we have spending cuts in a deal he made with the freedom caucus during his speaker fight. >> if you had a child and gave him a credit card and they kept raising it and hit the limit, you raised it again, clean and crisp and again and again. would you just keep doing it? would you change the behavior? we are 6 months away. why wouldn't we sit down now and change this behavior? that we would put ourselves on

a more fiscally strong position, make future generation, make the nation stronger. >> that is frightening economists who say there is no other way. president biden pushed back on gop criticism that his administration has been spending recklessly. >> president biden: this year the federal deficit is down one trillion dollars. that is a fact, these guys are the fiscally -- fiscally demented, i think. i don't quite get it. >> someone or something has got to give because the us government has borrowed and spent that money at the debt held by the public is a contract. neil: the deficit shooting up again. we might have to reserve those words. thank you very much. douglas hold sigmund joins me, former congressional budget office director. bottom line, it starts now.

the talk about what we are going to do against another debt ceiling, we have a lot of wiggle room, much more, the treasury secretary saying this doesn't become a professional default issue, that is true, until at least june. what do you think? >> the treasury can manage this using the so-called extraordinary measures through june into august. the real issue is how to resolve the disagreement. the important thing to recognize is there is no disagreement about the need to raise the debt ceiling of the us needs to raise the debt ceiling or if it will default and that would cause all the repercussions the secretary is worrying about, financial stability of the world financial system, outlook for the economy and a horrific downgrade for the united states. that something will, everyone knows that and the disagreement is about spending. they need to have a way to have the spending front which is a

serious issue and a good start would be to do what they now said they would do which is due the appropriations bill, allow amendments, pass them individually, congress knows what it is spending money on and in the process they will learn that if you get your arms around the annual appropriations, you have to get serious about entitlements. at the discussion devoid of reality of the big spending number. it is how do you deal with it? deal with it on spending bills, not the debt ceiling. neil: i harken back to 2,011. the s&p, the ratings agency downgrading, the irony back then, we didn't shut down, we didn't have a cataclysmic event but it was all the craziness leading up to it that prompted that decision. the s&p was the only ratings firm to do so but it was a

reminder that could happen again. we lost our rating and i think we take that lightly but that high rating means something blue -- it means something. >> absolutely. every time there is a crisis, the money flows through the us. we are perceived to be the safe haven, place that has a capacity politically to control and deliver on its liabilities. if you lose that, the downgrade was a comment on the government's ability to manage our financial future but that is a huge loss that affects borrowing costs. that is something we should not risk. that's a huge advantage the us has. i am with the folks who are saying we have to get spending under control. the budget outlook is unsustainable and the world on the spending side, that needs to be dealt with. having a good fight on spending.

neil: attaching spending to this, this group of republicans to force these changes, this isn't the vehicle to do it but they have gotten, kevin mccarthy, to do this and force this. one way or the other if it does or doesn't work out the way they want all it takes is one of them, how do you see this playing out? >> i don't know how it will play out but if you look at the record, debt ceiling increases or suspensions, take your pick, look at those who came with fiscal controls and those that were clean increases, they didn't affect the trajectory of the debt, the debt has gone up regardless because they haven't dealt with the underlying spending programs. let's not kid ourselves that this is going to make performance better on the spending side.

it happened historically. they are going to fight it for a while, they are all locked in at the moment but there has to be a way out that allows the debt ceiling to go up and commitment to control future spending, that's the recipe. neil: it begins playing out on thursday and day by day the closer we get to that financial armageddon, and the congressional budget office director. you've heard about these documents, president biden's, and concerned that for so many years they were sitting at his home in delaware, so now republicans are pushing, who came back and forth to the home in delaware. the president's people saying he doesn't have a lot of visitors. you better give it over because we know they are keeping track of visitors. he says i don't have a lot of visitors. see where this is going? because i don't.

♪ dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones hi. i'm charlie kirk. i started turning point usa to do the work to help save america. we are america's fastest growing conservative movement.

right now, the world economic forum and global elites are planning the great reset. their sinister plan to destroy our economy and redefine your freedoms. that's why i want to send you my exclusive book, the american response to the great reset for a gift of any amount. this book takes you behind closed doors to reveal their radical agenda and arms you to fight back for the future of our beautiful country. join the growing number of concerned americans who are already standing up by calling our special hotline or go to tpusa.com to get your copy with a gift of any amount, right now. we are at a turning point, but it's not too late. call or go to tpusa.com right away to get your copy, and let's stop the great reset.

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 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. it's official, ameri xfinity mobile is the fastest mobile service. and gives you unmatched savings with the best price for two lines of unlimited. only $30 a line per month.

that means you could save hundreds a year over t-mobile, at&t and verizon. the fastest mobile service and major savings? can't argue with the facts. no wonder xfinity mobile is one of the fastest growing mobile services, now with over 5 million customers and counting. get in on the savings and switch today. neil: who visited and when?

republicans want to know over the last two years, president biden's home in delaware, and when were they there? the trouble is the administration, we don't have a log for the president's vacation home, his personal residence when he's away from the white house. david spunt following these fast-moving develop and set the justice department. >> information was scarce when this story first broke last week. you at a special counsel into the mix spearheaded by the department of justice, information blackout. richard solberg is the white house special counsel, he works for the white house counsel's office, was brought in late last year to investigate or help with these investigations and help the white house kind of navigate through these

potential problems. he is not the white house counsel, that belongs -- specific job is to deal with problems like this, the president's personal attorney is bob bauer, bauer is married to white house senior advisor i need a done. a long time trusted confident of the president, working for the white house and came back because the president wanted her back in the mix but what is so puzzling about this story is the security clearance aspect of the developing case. who had secured clearances, who was going through the document, we don't know by name went through documents but we know some did not have clearances, richard put out a statement over the weekend, quote, the president's personal attorneys conducting the searches do not have active security clearances so if they identified a document with a classified marking they stopped and did not review it and suspended any

further search in that box, where the document was found as appropriate. >> none of this makes sense. this idea we sent in lawyers without clearance and told them look but don't read is not a standard you will find in any security protocol. >> reporter: these attorneys were sent to wilmington to look for more classified documents and the fact that they aren't authorized to look at classified documents, that is a story we keep asking the special counsel's office and the white house, cannot get a straight answer unfortunately. neil: what is weird about that, they said there are no documents there, then lawyers discover documents but part of the legal team didn't look at them if they were there, seems like they are digging a deeper hole. >> they have a lot to answer for, there's a white house

briefing coming up in half an hour which probably won't get too much because of the special counsel investigation and that is part of the problem, the white house says the special counsel, the special counsel doesn't talk so that fuels things around and around. neil: when we first assigned the story, much longer than that. neil: you are -- mike johnson, louisiana republican. this isn't adding up to him. congressman, it begs could julie about the timing of these visits and wonder what document, shouldn't have, but now there's the issue of trying to get a sense of who visited and who might have been there to see this but there is no visitor at the president's home so what do you do? >> we will seek those answers, there are a lot of unanswered

questions, we are seeing another example of the biden department of justice applying justice based on politics, there's no other way to see this. there are a lot of questions the select committee in the house judiciary committee are going to go after, the logs and who visited the house, if they didn't write it down, we will seek those answers some other way, and subpoena members of the biden family and others who may have worked in the residence because we had critical, highly sensitive classified information and among the people who listed that as a residence is hunter biden himself so we have a lot to seek answers to and if the doj will not supply we will get another way. stuart: it would be given that family members would be there, whether they saw documents or unaware of them is anyone's guess but what good would it do to subpoena family members for whom this is a home? >> family members would be

there, the question is who accompanied the family members, did hunter biden spend nights there? did he bring friends from other countries, maybe our adversaries? we are told these documents have to do with ukraine, iran, great britain. >> it's only germane if you get to that stage and whether they came with those who were not family members i guess. >> we don't know who was there or under what circumstances or the details about which documents and where they were kept and why. the department of justice is impeding our acquisition to this information and that's a real problem. there may be fingerprint and dna evidence but now you have the president's lawyers, private attorneys rifling through them. the doj has not been forthright about searching other biden properties. that the protocol that they did at mar-a-lago. lots of questions about when they knew about this, did they

withhold this out until after the midterm? seems obvious on its face. we need to get to the bottom of this and it will take committees investigating on their own to do it. we requested information from merrick garland himself. he has until january 27th to provide this information. if he doesn't we will continue and as you said this story is not going anytime soon. neil: do we know whether any of these classified documents have indeed been taken, given to the national archives, put an area where they haven't been seen by anyone else? >> we haven't had that inclusive information yet. we have questions for the national archives as well because they had their fingerprints on this too and did they know prior to the election, we have many more questions than answers and that is the problem. neil: congressman mike johnson, point person, a lot of this

trying to work backwards, particularly at the president's home in delaware, have access to these documents, at least we are aware of them, so much we don't know. a fascinating story developing in virginia where a number of schools failed to have notification that students earn national merit awards. why is that after this. ♪ ♪ ♪ -surprise! -for you, mama. ...can help you open those doors. by proactively reviewing your entire portfolio. with an eye on taxes and risk. doors were meant to be opened. nothing, it really is something. as an expedia member, you can save up to 30%

when you add a hotel to your flight. so you can have a bit more money, to do even less. hey, man. you could save hundreds for safe driving with liberty mutual. they customize your car insurance... so you only pay for what you need! whoo! we gotta go again. only pay for what you need. ♪liberty liberty liberty♪ ♪liberty♪

neil: big deals in education, you have a student with a promising future but in the case of virginia, a number of

schools were never notified of students the did receive these national merit awards. richardson places it to gather. what is going on? >> what the district defined as 1-off has grown to more than a dozen schools, failure to tell their students they won of this prestigious award, they found out about the accomplishments though for many a little late. >> it is so immoral. >> all of our kids are more than their test scores. >> it's not a participation trophy. >> high schools say they notified colleges where scholars applied and belatedly told them about the students awards, national merit scholarships are awards given tie schoolers with the top trc scores in the country. more than than 1,000,0001/2 students nationwide apply, only

50,000 of them are recognized. virginia attorney general's office is investigating saying reports show this happened in more than a dozen schools, he suggested notification delays are connected to the school district hiring an equity officer and pushing outcomes. a spokesperson for fairfax county public schools denies that, says there is 0 connection between equity work and delay in notification, the consultant is working in collaboration with the community on strategic planning. to suggest a connection would be false. schools have released identical statements saying they are sorry for the error and noting their is an investigation. . 20 how did these kids find out? no one told them. >> some are notified directly by national merit scholarships, there are different awards, people thought there might be something going on, this started with asking what was

going on. the investigation snowballed and that is how they figured this out. neil: the virginia attorney general, this is a weird one and i don't know what is to be gained by not telling these deserving students that they stood out in something that will help them from college, what is going on? >> this is what we know. the fairfax superintendent paid this person $455,000 for 9 months of work, one of the directives to the school district was able outcomes for every student without exception and this equity consultant further said you had to achieve equal outcomes even if it meant, purposefully, unequally. thomas jefferson high school is a magnet school, governor's school in virginia, you have to

apply to attend, they decided to go to an equity-based admissions policy. as a result you had close to a 20 point drop in asian american moment and a lot of asian american families came to the office and said we feel our children are being disconnected against because of racial and ethnic background and we know that 70% of recipients in this national merit commendation were asian american as well. we have an antidiscrimination statute, our office is empowered to enforce that. if they are denying a benefit or you are denying admission, based on the fact someone's racial or ethnic background is a violation of state law, my daughter did everything right since first grade, worked incredibly hard and she may not go to her dream school, thomas jefferson high school not because of anything she has done but because of who she is, she is korean american, that's unjust and unlawful. if that's the case that is why

we are doing this investigation to determine if they are just committing based on racial or ethnic background. neil: it's not their role to do that. what does somebody in fairfax county have to do with a kid who has gotten national merit scholarship recognized on the basis of highsat scores, the county has no say over that her judgment about who gets those org who gets notified. that is pretty blatant. >> originally said it was one high school, administrative error, now we know it's multiple high schools in more than one jurisdiction. neil: how many students in all were affected? >> rough estimate, over a thousand. english is not the primary language spoken at home. i'm a child of an immigrant, education is the way to the american dream and we know there's one virginia college that will give a full four year

ride if you are a merit award recipient, that's close to one hundred thousand dollars of benefits a student could have applied for. i worked off four years of college, how do you pay for college? could be as stressful as getting into college, the fact that students weren't even notified and were denied the ability to get these scholarships and opportunities is troubling, whether it is administered of error or something else, we are doing the investigation. neil: to your point, that there call, parents call to take advantage of some things they want, no one else's. the attorney general, sir could be very big, we will keep track of it, keeping track of tom brady's next move, lost a big game last night but not done with the game of football apparently today. what is he thinking about, will he keep playing? after this. ♪

♪ the plan we created can withstand uncertainty. lately everybody has opinions about the economy, but i count on personal financial advice. my ameriprise advisor understands the markets and me. she knows my goals and can help me reach them with confidence. the markets may fluctuate but you're still on track. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. who's on it with jardiance? ♪ ♪ we're the ones getting it done. we're managing type 2 diabetes and heart risk. we're on it with jardiance. join the growing number of people who are on it with the once-daily pill, jardiance. jardiance not only lowers a1c, it goes beyond to reduce the risk of cardiovascular death for adults with type 2 diabetes

and known heart disease. and jardiance may help you lose some weight. jardiance may cause serious side effects including ketoacidosis that may be fatal, dehydration, (that can lead to sudden worsening of kidney function), and genital yeast or urinary tract infections. a rare, 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 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. a once-daily pill that goes beyond lowering a1c? we're on it. we're on it. we're on it with jardiance. ask your doctor about jardiance.

neil: what happened to tom brady? the tampa bay buccaneers losing to dallas last night. they are out of contention. a lot of questions about tom brady who at 87 years old still has a future. fox news headline's 24/7 reporter, sports expert extraordinaire. kelly with this. if he wanted to play, where would he play? where would he continue? >> there are a few opportunities, there are some teams in search of a quarterback, the biggest one that comes to mind is the las vegas raiders.

quarterback is leading the team by a trade or something else in his contract and it would make sense because he goes into an offense with a lot of great targets to help him out. the possibility of josh jacobs in the backfield as a running back makes the most sense but there is a need for other teams, the tennessee titans, new york jets, houston texans may be in the market for a quarterback like brady. the miami dolphins are possibility too, the miami dolphins, a very strong year but that is the major concern for two of those head injuries and what will hold for his future and there was talk of brady to the dolphins as we learned stephen ross got fined and suspended and there was

illegal -- neil: tampa bay would definitely be out, the state of tampa bay would be out. >> the way he spoke last night, thank you for their coverage of him and feeling like he was welcomed into the organization, the city of tampa made it sound like i am done here but not like he was done altogether. neil: incredible at 45, but 8:19, the top of its division, others were lousy, was that on him, on the team? does it affect where he goes? i could have closed this deal but they weren't there? >> seems there was everything going on. he did show his age this season but put up remarkable numbers. the offense suffered a lot of injuries, you had to work through that as a result and it comes down to what the box could offer. there's the possibility they

move on, the possibility that the offense of coordinator, they could part ways with him. of the organization wants to restructure it is possible. neil: it's not about money, he doesn't need that. he wants a chance with the press. >> he wants one more go around to go to the raiders were the dolphins, win another title and that will give him more reasons to head on out because you won a super bowl with 3 different teams in that scenario. it can't be the money. the broadcasting deal, we know about brady, finances are not the issue despite the ftx stuff. neil: the whole thing that is separating and the divorce, how quick that was, did that do anything? >> that had an impact. after the divorce announcement came out there wasn't much

going on behind closed doors taking care of things right away but at the end of the day those things way on you as much as you want to keep them at the door, sometimes it is in the back of your head and you are thinking about that. neil: when we talk about it is remarkable, thank you very much, matt napolitano follows it so well but the heat being put on china, what they are doing with covid and all the rest but there are other issues coming to play, bigger competitive issues, we will explain after this. ♪ ♪

at adp, we use data-driven insights to design solutions to help you manage payroll, benefits, and hr today, so you can have more success tomorrow. ♪ one thing leads to another, yeah, yeah ♪ trelegy for copd. ♪birds flyin' high, you know how i feel.♪ ♪breeze driftin' on by...♪ ♪...you know how i feel.♪ you don't have to take... [coughing] ...copd sitting down. ♪it's a new dawn,...♪ ♪...it's a new day,♪ it's time to make a stand. ♪and i'm feelin' good.♪ start a new day with trelegy. no once-daily copd... ...medicine has the power to treat copd... ...in as many ways as trelegy. with three medicines in one inhaler,... ...trelegy makes breathing easier for a full 24 hours, improves lung function,

and 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. 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. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back.

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 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.

neil: some news involving microsoft, it plans to lay off an additional 5% of its workforce. you might recall last year it

was looking to lay up 3000 workers, 221,000 full-time microsoft workers around the globe. that would mean 11,000 workers who would lose their jobs. those people will be losing their jobs and other big tech giants like amazon announced layoffs, much smaller in percentage terms, we will keep track of that and curious developed with the new republican congress, not on documents all things china, florida congressman moscowitz joins us now. he will create a house committee aimed at investigating china's business practices through the government of the communist party. he's kind enough to join us now. good to see you. >> thanks for having me.

neil: let me ask you what this is about and what you hope to get out of it. >> i was happy to support the bipartisan bill creating the china select committee. for me, who is a former emergency management director in florida, who led the pandemic efforts for the first 18 months, i had no choice but to turn to china for life-saving ppe, ventilators, life-saving supplies and we are at the whim of china so we had the first 50 state disaster in american history when competing against anybody except antarctica. china was holding onto those goods. sometimes we had to fly those goods under cover of night out of the country. it's a national security issue, it is about making america more competitive or more reliant than it is about china. we have to investigate what the select committee will do. neil: you find china was holding back, it wasn't sharing? >> no question. they were making prioritization

to keep goods in the country, they were sending goods to other places, selling things with higher prices, this is again about america being able to count on american-made companies especially in a time of crisis, that is why our support the select committee. neil: your outrage with your republican colleagues and working with governor desantis stands out because we don't see a lot of that. explain how that works, there seems to be, no offense to you. >> i had the horrible shooting in my hometown, marjory stoneman douglas, those parents visit their kids now in a cemetery, that happened because government failed, several layers of government failed those families. i didn't vote for governor desantis but on the governor across the aisle said we want you to lead a nonpartisan

agency that helps people in their time of need i thought it was an opportunity to put politics aside and do public service, the governor and i have political disagreements but we did a good job for the state of florida. in the pandemic response. neil: your thoughts as a democrat, republicans who now hold sway in the house and urging mccarthy to stand firm on the debt ceiling. many are saying, i attach spending demands to it and concessions, how do you feel about that? >> we raise the debt ceiling 3 times in the trump administration, two of those times republicans had complete control and there were no preconditions to raising the debt ceiling and the idea of playing politics with the debt ceiling will have catastrophic consequences for the economy.

we could curtail our spending as the american family has to curtail their spending. that should not be a precondition to raise the debt ceiling. if we don't raise the debt ceiling defaulting on our debts, first time we did that. i don't think that's feasible. the adults in the room have to step up and do the right thing. neil: you have any fear it won't get to that stage? we had our debt downgraded in 2011 even when we did score a deal but it was the craziness beforehand that prompted it. are you afraid of that happening again? >> the treasury department will use extraordinary measures to get an additional couple months for negotiation but i don't think there can be any preconditions, republicans have control of the house. if they want to curtail spending they have those opportunities but not attaching it to the debt ceiling. neil: very good seeing you, thank you again.

down 333 points, we will have more after this. ♪ . . nge. golo is real and it changes your life. avalon advanced materials is planning to partner with lg energy solution to establish a new supply chain, to power the green energy transition. plus four advanced stage projects producing critical minerals including rare earths. avalon advanced materials. 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 -what's he doing? -he's cleaning the trash cans.

oh, boy. meeting a new young homeowner for the first time is a unique challenge. -so you think you can help? -i can try. hey, what you doing? oh, just cleaning my trash cans. wow. it's important to build trust. see you put your address and phone number on here. well, you can never be too safe. with trash? progressive can't protect you from becoming your parents, but we can protect your home and auto -when you bundle with us. -don't look at the hedges. -they're a mess. -no one's looking at the hedges.

neil: we're learning a little more about those planned microsoft layoffs. 11,000 workers, 5% of the workforce throughout the course of the year. keep you posted on that. i'm surerl