lauren: okay. we had just asked how many states are west of the mississippi river? ashley? >> i always forget hawaii an alaska, which are way west of the mississippi. i'm going to go with 24, number three. lauren: okay, i have no idea so i'm not going to guess but ashley you are correct. the answer is 24 states west of the mississippi. unfortunately we're leaving on a down note for the markets. new month tomorrow. "varney & company" is over. we send it over to "coast to coast". neil: then there were nine or soon will be with chris christie announcing that he is going to

make a presidential run, make it official next week in manchester. that will bring to nine the number of republicans vying to become the next president of the united states and more could follow that. the latest from rich edson in des moines, iowa. rich? >> reporter: good afternoon, neil. well governor ron desantis is now hitting the road. he has got four stops here across iowa today before he heads out to new hampshire and south carolina. it's getting to be a bigger field. we just learned that governor chris christie, the former governor of new jersey, is going to enter this race. he will announce his candidacy again at a speech next week in new hampshire. christie ran in 2016. dropped out. endorsed trump. turned into one of his more vocal critics. last night dean tis kicked off his campaign tour in west des moines. his pitch to voters? republicans need to end the culture of losing a shot to former president trump. desantis argued that the next

republican president needs two consecutive terms to restrain the federal government. trump would only get one. >> the bureaucracy is so entrenched i think we could bring george washington back, i don't think he could fix it in one single four year term. >> reporter: trump will also be in iowa today for a radio interview tomorrow for campaign stops and a town hall with sean hannity. he ripped desantis over covid lockdowns, border, among other issues. the florida governor took questions from reporters after the announcement. he said trump attacking him has been bizarre. >> i am going to respond to attacks. if you say cuomo did a better job with covid than florida did, first of all, that is not what he used to say. this is not new. six months ago he would have never said that. >> reporter: trump campaign aide called the speech boring and said quote, ron desanctimonious

just isn't very good at this. saturday, big day here in iowa. the bulk of the republican field will descend on des moines at the fairgrounds there for senator joni ernst annual roast and ride fund-raiser. we'll have harley-davidsons and barbecue, neil. back to you. neil: that could upset your stomach if you go for a ride after the barbecue. we'll see how it all settles out. >> reporter: ride first. neil: understood. got it. want to go to bob cusack "the hill" editor-in-chief, on chris christie announcement. bob, what do you think? he is an attack dog. very skilled debater, didn't help him in 2016. he will be in that role certainly in 2024, what do you think? >> well, neil, he really damaged marco rubio in a big debate in 2016. if i were some of the other candidates i would get out of the way. i don't think that christie has a clear path to the nomination. it will be very difficult but he knows how to debate.

he knows how to punch. he has been punching trump. that will be his main target. i'm sure there will be other targets as he tries to crawl up in gop hierarchy dominated by the top two with trump and desantis. neil: i don't know how the money race is sorting out. i know $400 million pledged and raised on behalf of candidates not named trump trump. ron desantis accounts for lion's share, 300 million all said and done. the other candidateses are raising 10 of millions of dollars in their own right. especially the first day haul desantis hauled even with the twitter problems, that is a lot of donor activity. average folks who are looking for an alternative, what do you think? >> yeah, policen, i think neil, this is going to be the priciest, the most money spent in any presidential cycle by far. now, obviously trump and desantis are raking in a lot of money. christie certainly is not going to get that much but at the same time, neil, john kasich got

around 15% in new hampshire. so i think that is kind of the lane that christie is going after a littlechristie got aboun new hampshire. so that's where he can play but as far as donors, donors want to back a winner and right now christie is low in the polls. neil: a lot of those donors candidates be different now, republican candidates, than you were in 2016 where you tended to think that donald trump would be a short-lived phenomenon. you didn't take him on. this time they're saying take him on. chris christie has got to head that list of those willing and eager to take him on what do you think? >> i think he is the best at it. that's where obviously christie is making the case that listen, i can take on donald trump, i can defeat him. that's other guys are kind of subtly going after him, indirectly going after them. at some point everyone will go after him, you're right the dynamic this time around is so different than in 2016.

so but christie is very good at punching but as we all know donald trump is a very good counterpuncher. we'll see some battles between christie and trump, no doubt about it. neil: i wanted to get your thoughts as well, bob, the fact that governor christie wants to focus on new hampshire certainly more than iowa. i don't know at the complete expense of iowa but he seems to be focusing on new hampshire. what do you think of that? >> yeah. this is kind of the john mccain route where mccain finished fourth in iowa and then came back and won the nomination. the thing is, as you know, neil, the party has changed dramatically in the wake of trump and trump and obviously mccain were at odds all the time still are even after mccain's death. christie is smart to focus on new hampshire, because in iowa he probably has no chance of getting out of single digits. in new hampshire he has got a shot for double digits. neil: all right. bob, great catching up with you. i appreciate that.

meantime everyone focusing on the debt rule vote going before the general house. you vote on this bipartisan package we're told even though 35 republicans, at this hour are not part of that. let's go to edward lawrence, how this all plays out. edward. >> reporter: the white house confident that something will be passed here but what will happen looks like the bill is losing extremes on other side. democrats are focusing on 70 votes in the middle. republicans are focusing on 150 votes in the middle to get this done. now the votes on this debt ceiling bill will not start until about 8:30 tonight because of scheduling. the republicans are making that hard sell, listen. >> for the last two years we've had zero caps in washington, d.c. and what did we get? we had $10 trillion of increased spending under one party democrat rule that's led to the highest inflation in a generation.

these will be the first caps that we've seen. >> reporter: the house speaker saying that it doesn't really matter if all the republicans vote for it. here is his case. >> no. what matters it will become law. if i would, if i'm a member of congress, i wouldn't want history to pass me by when i can do the biggest cut, when i could do work reforms for welfare, when i can see we can reform nepa for the first time in 40 years, so you're cutting red tape. so you build things, make america competitive. everybody has a right to their own opinion. >> reporter: but the timeline gets complicated. senator roger marshall says the senate has to make three procedural votes to get to the actual debt ceiling vote. each vote takes time, and a period between. if the senate won't speed things up it could be sunday or monday for a final vote. >> this bill is going to get through so all the markets can settle down. this bill is going to get through but i'm not at all satisfied we are where we need to be. we can't just keep kicking this

can down the road for future generations. >> reporter: sunday or monday, monday is the actual debt ceiling "x date." the treasury department has no comment if the president send signs the bill on tuesday is that technically default? neil: thank you, edward lawrence. there are 35 republican lawmakers in the house who are dead-set against voting for this. that number could be growing. enter my next guest, florida republican cory mills, who is issuing a debt limit extension measure in a bid to get a better deal because this is not a better deal to him. he is kind enough to join us. congressman, tell us a little bit what you're proposing? >> thanks so much for having me, neil, the bottom line the republican house had passed the limit save growth act. that is al far stretch from what we're seeing right now with the idea of this fiscally irresponsible act we're getting ready to pass right now. what we're trying to do, my bill

is called back to the negotiating table act. allows additional week of extensions. allows secretary yellen to cover current obligations with no additional spending to get a better deal. this is the facts, neil. we had 87 provisions that allowed us proper reforms in permitting limit save grow. in this new bill we only get four. granted one is great reform builders act. it does not help to grow hr.1, domestic energy production. that is the key gross domestic production exceeding our overall spending. the other thing this has no actual ceiling or cap on it. it has a date whereby says it will go to 2025, january of 2025, it says there is a paygo system. but when you don't have a cap or mandatory limit on your spending, then what happens under this kind of accounting gimmick if you will it says the omb director will have the ability to waive this. let's not forget the omb

director works for president biden. he can do through two different waivers, that are very broad and arbitrary continue to increase pass the paygo. when you look at actual tuition capabilities where limit save grow would made it a biexecutive orders cannot try to by pass legislation not just joe biden but all presidents alike. it was democrats, republicans continuous overspending gotten us to this level. i believe this bill we have before us didn't go far enough, doesn't cut spending increases spending. the baseline is 40% inflated rate, not even at the 22 levels but current levels. so i think what we're doing right now we're tacking 4 to $6 trillion on to the american taxpayers without any real cuts in place. neil: you're talking about the additional four to six trillion could be added to the debt, increase ceiling next two years. but let me ask you about this

assuming, because you have a uphill battle on your hands here congressman, you obviously know that, like you, 34 of your republican colleagues essentially feel the same way. they don't like this. some have even said this might be a good chance to reassess kevin mccarthy as speaker. dan bishop said i have zero confidence in mccarthy and his leadership. do you share that view? >> well i don't share that view in its totality. look we came together after a conference after the speaker ship to vote on things like hr.1, win is one of the best production bills we had. hr.2, the most conservative border plan we've ever seen. we had the reins act would have been in limit save grow act, not in this bill, would stop overregulation of businesses. we had the parental rights bill came across. we had hr.2 6, born alive act. there was a lot of things in that built we were payable to enforce. that was all because of

speakership mccarthy. i think this here was too much of an acquiesce. look at the end of the day this bill is like filling a balloon with helium, it's great for the party but sad disappointment. neil: do you feel his daves are numbered, not but other colleagues do and will make life difficult for kevin mccarthy despite the fact this will probably pass? >> unfortunately it will probably pass for a huge victory lap for president biden as well as for democrats who got 99% of what they're asking for. when you look at this whether it was welfare reform, which ha reform has a sunset of 2030. whether it was the idea of paygo. whether it was acquiescing of key permit reform. whether it was inability to put proper regulations on our spending here in d.c., this bill falls flat in every single aspect of that. this is not god for the american people. i will continue to stand in opposition and fight for people in my district and this country. neil: if they got 99% of what

they were asking for they have a funny way of showing it. the progressive caucus as you knowinger congressman, hates the thing, plans to vote no for it. going sides seem ticked of. i don't know whether it is good or bad for this but no one seems happy. >> i had can tell you right now there is a large group who is happy. the most happy of all is president biden who gets to push this well past his re-election time frame. he doesn't have any type of way to be able to try to get this hung over his head. he is allowed to continue his inflationary spending. he is allowed to keep, out of $80 billion going to the irs, the republicans only retrieved 1.35 billion of that. yes, it pauses the actual hiring of irs agents going after middle class for fiscal year 23. that ends in october. come 2024 they can ramp up continue to go an target and weaponize as we see the federal government do.

this bill doesn't put in statutes, limitations regulations, controls in place that actually has teeth for us to enforce here in the house there is victory lap not for the republican party or the american people but for d.c. and washington's overspending. neil: well keep us posted what progress you're making on this, congressman. we're very interested in it. cory mills of florida. meantime you heard about you will at a.i. leaders, key players if we're not careful this could lead to the extinction of mankind as we know it, yet the stocks are soaring, that have anything to do with this, maybe not so much today. a lot are up double, some cases triple digits. so are they panicked? doesn't look like that. after this. ♪. ♪ limu emu & doug ♪

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comcast business. powering possibilities™. ♪. neil: you would think with all of the doom and gloom talk about a.i., eventually it could lead to mankind's extinction their stocks would be careening, that is far from the case. a little bit of a selloff today. but in the case of nvidia, already up 40% on the month, 66%

on the year funny way of showing it the a.i. plays. having said all of that there are fears out there that this whole technology could get the better of us. let's to bo to kelly o'grady in los angeles more. >> reporter: hi, neil. that's right, hundreds of leaders in the a.i. space including ceos of openai, google's deep mine are warning of potential extinction from this technology. they signed on to a simple statement. will share it to you right now. mitigating risk of a.i.should be global society along other societal risks like pandemic and global war. this isn't the first time we've heard of these warnings. officials have come to congress to testify and meet the vp at the white house. this chorus is growing louder because of the speed of development, eventually creating tech that could think for itself is scary to some folks. they are comparing it to deadly

disasters. >> a.i. system, rockets explode, nuclear power plants melt down. those are possibilities to. >> reporter: doing little to stop the advancement. a.i. as you said at the top it is exploding popularity, despite the potential to eliminate jobs it present a huge opportunity for companies to become more efficient. reality a.i. is being used by industry we engage on a daily basis and in some cases they don't realize it. >> if they go to their doctor's office, an x-ray is examined, a.i. is used to compare it to other results to make sure the diagnosis is correct, they wouldn't necessarily be aware of that it is an important reminder a.i. is a tool that is used in a variety of different services. >> reporter: now the result of that push and pull with a.i. is an intense focus on regulation but for all the warnings from leaders in the space they are the ones unleashing this technology and, neil, they stand to benefit economically from specific outcomes.

it begs a question for me at least, are they the right advisors when it comes to shaping that regulation? send it back to you. neil: they put the fear of god into us. kelly, thank you very much. what to make of this the potential fallout. minus today the stocks are more than holding up. in fact they're flying. anyone even indirectly involved with artificial intelligence in very real way enjoyinging a market run. general rock director and larry glazer. genevieve, get with you, brainiacs behind artificial intelligence give you pause on these stocks? >> look, it is a tale as old as time, neil. it's moral dilemma here with a.i. we're caught between dangerous to humanity and corporate profits and the decisions we make and the choices we make on this hold immense weight but i believe a lot of it is actually not in our control and is now

out of our hands. what do i meed about this? couple weeks ago the founder of openai, sam altman, begged them to regulate the industry. they were scratching their heads, we haven't figured out how to regulate social media let alone a.i. here is the thing, we give them the benefit of the doubt they figure out policy, think about this, how goldman sachs, top banks in the world hire, most expensive lawyers help them work around regulation essentially get the same out come without breaking laws, a.i. will be able to do this faster and cheaper than any wall street lawyer. so it is really, really concerning what is happening with this technology. neil: that's interesting. so the big brokerage houses can come up with a way to try to address this but a.i. is beating them to the punch. that's wild. larry, let me get your take on this because whatever halt or pause we might do here i don't get a sense that china is doing

it over there and that plays into the competition fears, right? it feeds the beast, doesn't it? >> you know, neil imagine that giant asteroid hurling toward earth virtually assuring the mass extinction of society as we know it. that is not a.i. that is the 31 trillion-dollar national debt just around the horizon our grandkids will have to pay but a.i. is way more fun to talk about at a summer barbecue. of course this is what we embrace. you don't want nvidia, the one trillion dollar market cap, 37 times sales, graze sy valuation to get in the way of an amazing story everyone wants to embrace. it is one of the reasons, neil, there is a global arms race and nvidia is cheerly the leader but there are a lot of companies involved. go to any story from the 1990s, cross out the word dot-com, insert the word a.i., the story holds the same. we all seen this movie before. i don't minimize the impact.

i'm talking about valuation from stock market investors. combination of dot-com bubble, meme stock, day trading, sports gambling all wrapped into one. it will make for an exciting summer. make sure you don't get thrown out of the cargoing 100 miles an hour. neil: dot-com was never going to make humankind extinct. there is that little -- >> i don't know. pets.com was pretty good. neil: i hear you. i hear you. genevieve, kick off with you on this, we're wrapping up the month of may. it has been fairly sanguine month all said and done. the dow barely budging on the month but some other major averages, again similarly mixed but the nasdaq i notice up 6%, year-to-date the nasdaq north of 23 1/2% gain. a.i. not withstanding like everything old is new again, nasdaq which gotten beaten so badly when we were coming out of covid now, back with a vengance, what do you make of that?

>> yeah. if you take out the a.i. stocks, the s&p would be flat to down this year. so they have been our savior. i would disagree, i don't think this is a akin to the dot-com. i would make the comparison that a.i. is actually going to be more akin to the invention of electricity. neil: wow. >> it is going to permeate, and change every aspect of our lives not just our digital lives but our physical lives. if people think it can be stopped, it cannot. it can be slowed down. but it is like catching water with your hands. the thing you have to understand, during the dot-com, all those companies, most of them did not have earnings and barely had revenue. now we're talking about stocks like microsoft, google, amazon, nvidia, revenue, profitable, sure. have they moved especially nvidia a few standard deviations away to their norm? yeah. we could be in a short-term bubble. long term look at dot-com,

cryptocurrencies, "faangs" get into bubbles we're nowhere near that. those were 300 to 1400%. i would say zoom out, think about this over the long run. goldman sachs came out with a report i thought was actually quite conservative. they said it would help corporate profits by thirty% over the next 10 years. i think it will be way more than that i think people are underestimating the impact of this technology. look at chat klatt. it is literally the fastest growing platform in history 125 million users globally in a few short months t got added to the apple store last week this is the first wave of early adopters until you get the late a adopters. >> i think that is good point. recognize the destruction of that. nearly half of workers worry a.i. will replace their jobs. 70% will embrace a.i., it wilt save time and productivity. workers don't like change but dislike being irrelevant even more. jpmorgan embracing index gpt that will replace workers at those companies.

if you look at the floor of the new york stock exchange there is a lot fewer people working there today than worked there 10, 15, 20 years ago because of technology. we need to focus on skills like empathy, emotional intelligence, all things a.i. can't do very well today and save our jobs for generation and future. it is magnificent seven. seven stocks leading market. rest of the market is left in the wake. that narrowness usually doesn't end well. there is lot of good value there but you want to do valuation work. but no one wants to do that when you're supposed to sell in may and go away. neil: guys, appreciate it. i don't know if this has something to do with a.i. or technology world, amazon workers are walking out over recent layoffs, demand they be in the office more. i think demand from the company would be in at least three days a week. anyway, they're not happy. we're on it after this.

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♪. neil: do you remember walmart was busy closing a lot of stores in the chicago area ostensibly we're told over crime even though the retailer never said that was the case t directly affected larry roberts. he is a barber trying to teach former inmates, for example, how to cut hair. done a lot of good doing that. in fact continues that in some major jails around that area. in fact where he joins us today. larry, very good to have you. you're doing the lord's work here but it's getting complicated for you to do that right now, right? >> yes, thank you. thank you for having me again on your show. it is a little bit more complicated you know to do it but we're making it happen by all means necessary. i actually moved to another walmart location that i was

already currently inside of and so it is working out pretty good. neil: i'm happy to hear that. tell me how you got started in this, larry? how you got to do it. a lot of people don't single out prison inmates, or those former inmates. you decided to do just that. >> basically if you know what the red, white, blue barber poll talked about, we used to be doctors and dentists. red is for blood, blue for veins, the white for bandages. what we do very essential later in the 1800s, they separated professions, they separated doctors, dentists, artists. haircut something 547 billion-dollar industry. i've been allowed to even proctor the examine side the cook county jail. i'm also in the illinois department of juvenile justice. three of those locations as well. definitely gives them an

opportunity. everybody that look locked up in jail are not necessarily bad people. they messed up when they were in younger. some get out of scale to do something different. they're not allowed, so they end up going back to what they know. they end up landing right back in jail. i'm here to help cut down on recidivism. give them something to do. i employ them inside of my walmart locations as well. if they don't finish school inside of the jail, i let them finish one of my locations outside in larry's barber college. neil: i was going to ask you. for the walmarts that might close or in the process of closing you can go to them or they can come once out to you. so it's, maybe locations are one thing that you lose but from the opportunity. >> so basically i have barber schools, cosmetology schools on the outside. so walmart is where i employ them so they work and become tax paying citizens. right. so they work, their taxes are taken out. they have 401(k) capabilities.

we try to set them up for medical and dental. that way they can work and be successful versus coming in, cutting some hair, because definitely it is way more than that so. they have to see us when they come into the work. and when we leave, when they live out in the world. neil: you're right. that is very insightful comment. you always hear about the crime. now you got a new mayor in charge but a lot of people from outside chicago hear about the shootings, bloody weekends, week in, week out, a lot of people are scared to be in the chicago area. what about you? >> you know i think in order to speak to that we have to help make chicago safe again basically. there is more to it, marching and rallies and praying, all of those things are great but after that you know what do they have to go to? so with me, you have barber school, cosmetology, nails, the set ticks, opening up trade school for automotive, diesel,

welding, hvac, appliance repair. i believe part of that data scholarship foundation we deal with the gift and character. we have to be careful to allow our gift take us to place our character can't handle. along with a good trade, job, career, mentor them, give them life skills. deal with substance abuse, mental health, all of these things. all of that plays a major part. i think that you can't talk over their head. you could be a millionaire, billionaire, talking to these people and trying to give them something different to do, if they're talking over your head, they're not interested in what you're speaking on that will continue. crime and poverty works together. if you don't deal with the poverty you will continue to have crime. lyme here to help deal with all of these things and make chicago safe again. neil: larry, you're clearly more than just a great barber. i wish you well. thank you very much. >> thank you for having me. thank you. neil: larry roberts.

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and you have a partner that always puts you first way. (no way!) start today at godaddy.com. ♪. neil: you know if urn to ask people at the beginning of may rather than the end of may what was going to happen at the june fed meeting, most everyone would tell you it doesn't look like they will hike rates again. they will take a pause and pass. in fact, the rate cycle, the rate hiking cycle was stopped in its tracks so nothing would happen. that is apparently not the consensus right now. a growing number of folks, including those who sit on federal reserve right now seem of the opinion we could use another rate hike and could come as a next fed meeting couple weeks away. randall quarles with us. good to have you. a mug's game i grant but what do you think happens in two weeks?

>> well the fed has a difficult a difficult task both because there is reason to believe that interest rate policy will be especially effective in this cycle because of the long period of time that the economy and the financial sector got used to low interest rates. so you shouldn't have to raise interest rates by as big an absolute number as you might have in the past. there is also reason to believe the length of time it takes monetary policy to act which in the past has been a year or two is potentially short they are cycle. so what the fed has to decide now is, as inflation isn't, is coming down but it's not, not back to target and there is still a lot of signals in the economy that there is more work to be done, is that because they're not high enough or because it is just going to take more time? i believe and i think that the fed will conclude that for at least this cycle, they need to

give the economy time to catch up with where their policy has got to and see whether the, the economy continues to come in in response to their policy and that that would be the wise thing to do now but it's hard decision because they just, they have to weigh, are we high enough or is it, or are we long enough? neil: you would think in this environment it depends on the day, it was a couple weeks ago, almost like "whack-a-mole" with banks in danger, new wave of banks would be in danger, with the debt ceiling debate, that might be getting resolved as we speak. most people hope, they would stand pat for a while, see how things sort out. there is no rush to keep raising, why not just pass in june? >> yeah. i agree with that. i think that the right risk management now is to pause. i do believe that the, you know, 5.25 is a, is a terminal rate

that will work. so, you know, it would not be good for them to pause, and then start raising again in a way that indicated that they thought they were done and then realized we didn't have a handle on it. but i think that you can manage this next period as exactly that, a risk management decision that we need to see whether additional time for policy to work its way through the system will be effective given the amount of uncertainty compared to past cycles, both about what the right ultimate level of the interest rate would be to contain the inflation and how long it will take for that interest rate to work. i do think that it is going to be a longer period of time that we're at the terminal rate than markets are currently expecting. they, they, they are thinking that interest rates might start coming down in the fall. neil: yeah. >> i think right now both the

expectations are wrong. i don't think there is need for interest rates to to higher but they will need to stay at this level for a longer period of time than markets are currently expecting. neil: i think you were head of the financial stability board. so you had a good sense of stability, by extension of our banking system, that was called into doubt and worry a little more than couple weeks ago. we hope that is contained. do you think it is? >> i think for the banking system, it should be the fed and other banking agencies made clear they will provide sort of the necessary liquidity, the necessary support to the banking system. so that there shouldn't be a reason for runs on the system to bring down more institutions but, because interest rates will have to stay at this level for a longer., my belief, i think it is fed's belief they articulated that. then markets are currently expecting there will be other institutions out there in the

financial system that have the same issue of long-dated interest rate sensitive assets and highly mobile liabilities, probably outside of the banking system and in the nonbank part of the financial sector where we have less data, less visibility. we don't have examiners in all the institutions. difficult to pinpoint exactly where that will be but longer we stay at this level the more you will see some additional cracks. i don't think that means you've got financial instability like in 2008 at all it is also the case we're not out of the woods ever pressure on the financial system in the case where we are in with inflation and monetary policy. neil: i think most people agree with that. randall, thanks for taking the time. appreciate it. >> pleasure to be with you. neil: this of course is the last trading day off the month. this is our fifth month of the year. for bitcoin it would be its first down month of the year at the rate we are going. so we're keeping an eye on that. it was enjoying a lot of flight to safety, vibrant, volatile

times i should say with the banking sector. that was then. very different environment right now. we're keeping an eye on that. as are folks on big money show. taylor riggs here to preview what is coming up. hey, taylor. taylor: big show coming up. michael burgess on the house rules committee. baking down on the debt ceiling bill is it like at likely to pa, how pub rubs are thinking. larry kudlow and debt ceiling and markets coming up at 1:00. more "coast to coast" is next. ♪ ♪ i have type 2 diabetes, ♪ ♪ but i manage it well. ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance, ♪ ♪ at each day's staaart. ♪

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neil: we're so used to hearing about the international space station which we're an an integral part, we don't hear about china's latest space station, shenzhou 16 mission sent chinese astronauts up to that. they are spending we're told more than the united states, russia, italy, iran and other key players in space ventures combined. of course this comes at a time

we don't know what's going on in that space station. we don't know china's plans on the moon. just that it is aggressive. hopes to get men and women up there in the next few years. but even on the far side of the moon at that. it has electrified the nation. it concerned others. rebeccah heinrichs, hudson institute senior fellow there what she makes after of all of this. we normally, rebecca, talk about stuff on earth so i want to go into space, raise the issue this could be more than us competing with the soviets back in the late '50s and '60s, this is bigger, and potentially more dangerous. what do you make of that? >> neil, i get very excited whenever i see the united states is doing new and interesting things in space and then as you laid out when china makes news when they're doing things like i have this kind of sinking feeling. one, as you said we don't know

everything they're doing there. a lot of what the united states does know they can't share with the rest of us but we have a sense that's not good. we know that china's purposes are not for our good. also their space program is directly linked to their military program. when we think of science exploration of the united states, nasa, civilian program, that is not the way china does it. that is operated by their military. neil: right. >> that obviously gives us some serious concern. neil: we should point out, kevin, producer, this is our international space station. this isn't the chinese one. we show that to the world and share that with the world. not so much the chinese but go ahead. >> when we do things in space we try to be the most transparent nation in the world. we try to demonstrate what we're doing. we try to be really clear about what we're doing. china is marked by not telling people what they're doing, by secrecy. so it does give the united states great concern. the other thing that i would mention too, space is the

ultimate high ground and as you pointed out the united states has really been the top dog in place and as the united states has become more prosperous and more militarily stronger a lot of what we need for that we rely on in space. there are space satellites. they have been high enough, away from our advair adversaries given us confidence and china explores, united states as much as we're reliant on space we're becoming increasingly vulnerable. neil: it is scary. i apologize for the tight time. we'll have more after this. .. a loving parent. known for lessons that matter. known for lessons that matter. known for being a free spirit. no one wants to be known for cancer,

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matching your job description. visit indeed.com/hire >> welcome back to coast to coast, i am gerri willis. we are waiting the supreme court's decision on the legality of the white house plan to offer billions in taxpayer money to pay off student loans for millions of borrowers nationwide. codecs argue it's an example of executive overreach, policymakers and experts tell fox business this is just the latest of the executive branch abusing its regulatory authority bypassing the legislative process and him amending their policy objectives. >> the administrative state is an avenue where presidential administration can impose a form of policies that would not receive majority support, the

majority of the population would not consent to. by going through agency rather than legislative body, you are able to cabin the influence of views on policy and fermentation. gmac the student loan hand out the latest of sweeping regulations that will mimic computer -- consumer choice and change it. president biden's epa announced plans to impose stringent emission standards on nearly all gas power plants in the country and set a target to phase out internal combustion engines by 2035 without a single vote in congress. the administered in putting measures to ban half of all gas does in the us market and despite warnings from real estate industry leaders they will modify mortgage fees. office creating a lot of concern for businesses across the country. neil: "the big money show" is now.