that's where you see that kind of thing run wild. and that's what we're seeing today. people are dug into their corners and believing whatever supports their side. >> kimberly atkin stork, olivia nuzzi, thank you so much. we're using the hashtag fourseasonstotal. so please join in. i'm ayman mohyeldin. good night. today on "velshi," news of the omnicron covid variant is coming in fast as more countries confirm cases and drug companies rush to test their vaccines against it. we'll have the very latest from a top biden administration official and one of the country's foremost vaccine experts. plus, we'll hear from one woman who's fighting on the front lines against the redistricting apocalypse. find out what she's doing. and we're expecting a big week ahead from the january 6th select committee, we'll get you up to speed who knows being subpoenaed, who's cooperating, and what's going on with all of

those documents that the failed former president wants to keep hidden from investigators. and thanksgiving means something different for many native americans. to some, it can feel like a symbol of broken promises and the legacy of bad faith that followed from the u.s. government. my conversation with the president and first lady of the navajo nation is essential viewing, as we close out native american heritage month. "velshi" starts now. of. good morning. it's sunday, november the 28th. i'm ali velshi. a new rapidly spreading variant of covid-19 is reminding the nation that this pandemic isn't over. 13 new cases of the omnicron variant now being confirmed in the netherlands this morning. that spike is connected to two flights that came in from south africa on friday, and that's in addition to detections in italy, austria, belgium, germany, australia, israel, hong kong, the united kidnapping come, and

of course, south africa, where the variant was first identified on thursday. the czech republic is investigating suspected cases now. and starting tomorrow, the united states will join a number of other nations in restricting travel for non-citizens coming from several countries in southern africa, including botswana, zimbabwe, botswana and others. both pfizer and biontech say they expect to be able to ship out new vaccines tailored to fight off the new omnicron variant in about 100 days, if necessary. moderna says it's already considering doubling the dose of its current vaccine booster shot from 50 of micrograms to 100 micrograms. meanwhile, top biden administration officials are strategizing how to ramp up the current pace of booster shots and fend off a potential new covid-19 surge in the united states. now, as this new variant

continues to spread quickly, vice president harris urged americans to get vaccinated as soon as possible. >> as the president has said, we'll take every precaution. and that's why we've taken the measures we have. i can't stress enough, one, if you have not had the booster shot, get the booster shot. i cannot stress enough the importance of getting vaccinated for those who have not been vaccinated. i will say what i say every time, because it remains true. the vaccines are safe, they are free, and it will safe your life. >> as an economics guy, that last one always appeals to me. they're free and they will save your life. no cases have been detected in the u.s. just yet. officials from the cdc have held a series of meetings to plan for a possible and expected spike. this weekend, dr. anthony fauci says he wouldn't be surprised if the omnicron variant is already here in the united states, given

its high degree of transmissibility. i want to talk in more detail about this with someone who would know. lois pace is a public health expert and a covid advisory board member. secretary pace, thank you for being with us this morning. there are not confirmed cases of omnicron in the united states, but given the pattern of how this spreads, it is likely already here. what is the administration doing to stay ahead of this spread? >> first off, thanks for having me, ali, and for reporting on this and many other issues in this space. look, the good news is that we know how to find this, if it is here. we have a very robust surveillance network here in the u.s. the president and his administration has worked to ramp that up this year. and so i'm confident in what the cdc and our public health officials can do to root this out and take action, if and as needed.

>> are there plans at the moment or discussions to change any of the public health guidelines that are already take place if omnicron is detected. i know in my circle, people are asking. what should i do? do my vaccines work? should i be canceling plans? >> well, the vp said it very well. look, we know that we have the tools that work right now, and so people should be lining up for those boosters, for which they're eligible. if people still have yet to be vaccinated, they certainly should be rolling up their sleeves. and of course, there are a number of other public health measures that are tried and true, that are still effective, to this day. and so in addition to vaccinations and other considerations, we absolutely need to continue these other measures. that involves staying home if you feel sick, keeping your distance and wearing your mask, particularly in crowded spaces and indoors, and following these other precautions to have these additional layers of protection and to ensure that we are truly fighting back this virus. >> one of the things that you

tweeted or there was a quote from you in an article, where you said africa, which is where we first detected this on thursday, is not asking for more donations or commitments. african leaders want to purchase vaccines. wealthier nations that have already vaccinated significant swaths of their populations can relieve the pressure on manufacturers by repositioning themselves in the global queue. it's a point the president made the other day, as well. that america has given a lot of vaccines to other places, but, you know, it's not a donation thing. it's africa just doesn't have access to the vaccines the way we do. >> yeah, that's right. we're very proud of the work that we've been able to do in partnership with africa in many cases. it's involved sharing our surplus doses, but it's also involved ensuring that they can scale up their own production. so the u.s. has made investments in south africa to anthem produce doses of vaccines, in addition to go to doing what you just prescribed. so they can purchase doses for their population.

and so i think they're on track to purchase up to 15 million for the continent and hundreds of millions more, going into next year. but that's what's required, not just from the u.s., but from other countries around the world. so that we can get this right. >> our public health expert, so talk to me about these travel bans. they get controversial at times. i think, they may be wrong, but i think this thing was identified by south africa and they told the world about it on thursday or maybe it was earlier than that. but the country now says it feels punished by global travel bans, because it was the first country to detect omnicron. i worry that countries may get concerned about reporting variants if they feel that the reward for doing so is a travel ban. >> well, first we need to really applaud the efforts of scientists around the world, including those in south africa, botswana, and elsewhere who did help first identify this particular variant. and certainly, we know we have a

suite of options when it comes to responding to this very identification, right? we do want to be promoting this type of transparency and this type of cooperation, because we know that it works. and it's not just about travel or travel restrictions. it's about these other public health measures that you asked about earlier. so in addition to these travel restrictions, we absolutely in the u.s. are keeping in place these other requirements around testing, testing before boarding flights, requiring quarantining or recommending quarantines once people arrive. obviously, testing after arrival, and everything else that we know works, including vaccinations and other measures. and so it's important that we as public health professionals and advocates and other policy makers really understand that we're not just talking about one tool in this tool box, but a number of options or a range of options. and as you said, first and foremost, recognizing that we are all in this together and we absolutely need to be working together and applauding that level of transparency and

cooperation. >> well, i think that's a wise commendation. assistant secretary, loyce pace, thank you for joining us this morning. loyce pace is with the department of health and human services. thank you. meanwhile, lawmakers are set to return to capitol hill tomorrow as democrats seek to push president biden's build back better. human infrastructure package amid a number of other pressing deadlines. the bill, which includes funds for programs like paid family leave and universal pre-k is in the hands of the senate now. it could see significant changes, once that body is done with it. joining me now is democratic representative alma adams of north carolina. she's a member of the house financial services committee and a member of the congressional black caucus. congresswoman adams, good morning. thank you for joining us today. >> and thank you for having me, ali, it's good to be with you. >> thank you. i want to ask you about these

particular measures. i've been referring to this bill as human infrastructure. it's important. there are some things that will put us ahead, and there are things like paid family leave and mortality where we're not even up to speed with the rest of the developing world. we're behind them. how do you sell this to the holdouts, particularly the holdouts in your own party, kyrsten sinema and joe manchin, that this stuff is important, just to get us up to speed. >> well, thank you very much for raising it. it is what's necessary to get us up to speed. we are going to build back better, because it's about strengthing jobs, saving lives, lowering the cost of insurance for folks, folks with diabetes, insulin will only be $35 a month. talking about establishing universal pre-k, creating

opportunities to care for our elderly so that children can honor their parents, investing in initiatives to reduce child hunger. so it's a great bill. and i think once people know what's in it, and that's our job, i think, to make sure that people do know what's in it, we're talking about reducing child poverty by extending the enhanced child tax credit for one more year. families will get a refundable credit of $3,000 per child, ages 6 to 17 and $3,600 for kids under 6. it provides a great deal for getting our families and our communities back up to where they need to be. >> that's kind of amazing, right? the enhanced child tax credit of what seems to be so little money compared to past tax breaks that we've given wealthy people lifts that percentage of children out of poverty. that's something that we

shouldn't have in america in 2021. a couple of examples with respect to maternal mortality and birth equity, what's in this bill includes $175 million for local entities to address social determ nans, and $295 million to grow and diversity the perinatal health workforce. there are a lot of little details in here that will affect people and actually change their lives. it gets lost in the conversation of a $1.75 billion bill. >> we need to start talking about the things that are in the bill and get away from the money, because i think that people are very concerned when we're talking about their health and talk about maternal

mortality, it's unacceptable. i'm just pleased that the black maternal health of coffers with my cochair were able to work on this bill along with the former congresswoman who's now a vice president. so we know that people -- african-americans, particularly black women, are three to fewer times more liable to die in childbirth than white women. so it's important that get closer to a world where every parent who goes to the maternity word and every child board gets home safely. it's very critical. we haven't talked a lot -- we've tried to do that with the bill, that we were able to pass out. the skbir thing got into this bill. hopefully it will remain there as the senate does its review, but this is an unprecedented program. we've got funding for our historic black colleges and universities. as you know, i have some issues. i am a two-time graduate of an

hbcu. i spent four years on the campus of an hbcu here in north carolina. so we are making major investments here so that basically students who want to go to college can do that. >> i want to ask you a little bit more about that. there are ten hbcus in your state of north carolina there is good funding in this bill more historically black colleges and universities. how do you convince somebody who's stuck on this bill that that makes a big, big difference later on. you as a two-time graduate understand that. how do you convince people who don't understand hbcus about how important they are? >> first of all, our schools were founded as early as 1837 because black students who looked like me weren't able to attend major majority culture schools.

we're talking about 47% of african-americans who graduate, graduate with degrees in hbcus. 80% of black doctors and lawyers graduate from h kbrrks us. we are a substantial supporters for the economics of the communities, so i don't know where we would be, because we're the ones that are contributing in a major way for the economy, we're the ones that are producing the graduates, the majority of them are teachers. so the other thing is, whether you are a graduate of an hbcu or not, you have alums that are working and building, helping to build that economy, we are contributing. and we'll be around for a long time.

there's and i was able to -- my mom did domestic work. she cleaned out folk's houses so i could get a good education. >> democratic representative alma adams of north carolina, thank you for joining us this morning. we appreciate your time. and thank you so very much. it's good being with you. >> my pleasure. well, coming up, the investigation into the january 6th insurrection moves into another phase this week. donald trump's heading back to court to try to shield documents from view. we'll talk about it with representative ra ja krishnamoorthi. plus, the omnicron variant is emerging around the world. nations are scrambling to close their borders and restrict travel. we'll take you overseas for the latest. and november is native american heritage month. i traveled to window rock,

arizona, for a wide-ranging conversation with the tribe's president and its first lady. w president and its first lady may for the life -- and years -- ahead. with fidelity income planning, we'll look at what you've saved, what you'll need, and build a straightforward plan to generate income, even when you're not working. a plan that gives you the chance to grow your savings and create cash flow that lasts. along the way, we'll give you ways to be tax efficient. and you can start, stop or adjust your plan at any time without the unnecessary fees. we'll help you go from saving... to living. ♪ play all day ♪ such tree-mendous views. i'm at a moss for words. when a cough tries to steal dad's punchlines, he takes robitussin naturals powered by 100% drug-free ingredients. are you gonna leaf me hanging? soothe your cough naturally. i don't just play someone brainy on tv - i'm an actual neuroscientist. and i love the science behind neuriva plus. unlike ordinary memory supplements, neuriva plus fuels six key indicators of brain performance.

more brain performance? yes, please! neuriva. think bigger. (vo) for fourteen years, subaru and our retailers have been sharing the love with those who need it most. now subaru is the largest automotive donor to make-a-wish and meals on wheels. and the largest corporate donor to the aspca and national park foundation. get a new subaru during the share the love event and subaru will donate two hundred and fifty dollars to charity. ever notice how stiff clothes can feel rough on your skin? it's because they rub against you creating friction. and your clothes rub against you all day. for softer clothes that are gentle on your skin, try downy free & gentle. just pour into the rinse dispenser and downy will soften your clothes without dyes or perfumes. the towel washed with downy is softer, fluffier, and gentler on your skin. try downy free & gentle.

recognized by the national psoriasis foundation and national eczema association.

i talk about democracy a lot on this show, ad nauseam. and i'm a little worried about it. the term democracy quite

literally means rule by the people. a system of government determined by the people and for the people. while it's never quite perfected it, the united states of america was a hallmark of democracy since the ink dried of the constitution in 1787. things have largely improved since then. the civil rights movement made voting fairer and more accessible to all. last week, a european think tank called the international institute for democracy an electoral assistance, placed the united states on its list of backsliding democracies. now, this isn't news to though who regularly watch this show. look at some of the articles recently written about the perilous state of democracy in america. in fact, you can skip the headlines. january 6th, the insurrections, ballots, a donald trump rally. these photos tell you everything you need to know about america's democratic decay. this particular report found

that the u.s. made several criteria in order to make its list, including unwillingness to accept credible election results, voter suppression efforts, increasing polaization and declines in civil liberties. the report signals out the twice-impeached patz of the united states. quote, the former u.s. president trump's base lest allegations have had spill over effects, end quote. it adds, quote, the united states, the bastion of global democracy, fell victim to authoritarian tendencies itselves and was knocked down a significant number of steps on the democratic scale. the fact that the u.s. has always been a bastion of democracy is validly disputed by those who have been gravely marginalized throughout history. but we could, until recently generally agree that we were on the right side of things. i, for one, must admit that i did not have a deadly insurrection, blatant voter suppression, election lies, or

vigilante justice on my 2021 bin go card. but here we are. this is not what america is supposed to look like. and the rest of the world is starting to catch on. now some democracy do collapse under the weight of authoritarian leaders, political violence, civil wars, coup attempts. but what makes the threat to america's crumbling democratic infrastructure so urgent is that it comes almost entire from within. while we have adversaries who are cheering anti-democratic forces in america, on the outside, the real threats are coming from the inside. here's the good news, as they say, not all who wander are lost, just because democracy is backsliding doesn't mean it should fall. it means, not acting like things are okay just because you know who isn't in the white house anymore. it's not assuming that all of those things went wrong will fix themselves. and it means not taking the pressure off of legislatures to

invest in democracy and stand up against bigotry and exclusion. really, it just means remembering that the basic definition of democracy means that the people have the right to rule, but with that right comes an obligation to protect it from those who are trying to undermine it. protect it from those who are trying to undermine it as. you can always spot a first time gain flings user. ♪ when it comes to autism, finding the right words can be tough. finding understanding doesn't have to be. together, we can create a kinder, more inclusive world for the millions of people on the autism spectrum. go to autismspeaks.org ♪

(vo) reflect on the past, celebrate the future. season's greetings from audi. voiceover: riders. wanderers on the road of life. the journey is why they ride. when the road is all you need, there is no destination. uh, i-i'm actually just going to get an iced coffee. well, she may have a destination this one time, but usually -- no, i-i usually have a destination. yeah, but most of the time, her destination is freedom. nope, just the coffee shop. announcer: no matter why you ride, progressive has you covered with protection starting at $79 a year. voiceover: 'cause she's a biker... please don't follow me in. ♪ this little light of mine ♪ - [narrator] in the world's poorest places, voiceover: 'cause she's a biker... children with cleft conditions live in darkness and shame. they're shunned, outcasts living in pain. you can reach out and change the life of a suffering child right now.

call operation smile, or go to operationsmile.org. just $30 a month can help volunteer surgeons and nurses provide free surgeries to waiting children. you'll give a child a chance to smile, to come out of the shadows and shine. please call now. thousands of children are waiting for surgery, living lives of isolation and loneliness, waiting for someone to help them, someone like you. a surgery that takes as little as 45 minutes, and your act of love can change a child's life forever.

americans celebrated thanksgiving this week, but this holiday means something different to the nearly 3 million native americans who live in the united states. to some, it is a reminder of a painful history, littered with broken promises made to native people by the american government. but despite that legacy of bad faith and poverty that persists to this day, many native americans remain optimistic for a better future. for the latest installment of "velshi across america," i travel to window rock, arizona, on the new mexico border. it's the capital of the navajo nation, and there i met with the tribe's president, jonathan nez and first lady, see cecilia nez.

>> not everybody is familiar with our unique relationship with the federal government. we have a treay relationship just like other countries throughout the world. and in the constitution, it mentions that special relationship that the federal government has. but we do appreciate this new administration, biden/harris administration, where they said that the navajo nation will have a seat at the table in a lot of national discussions and they have kept their promise. but if you look at the history of the federal government, they have broken a lot of promises that were agreed upon during that treaty signing. one of those was infrastructure

development in indian country, education, health care, and in return, when we signed that treaty, we said that if the united states of america was ever in trouble, we've got your back. so with this native american heritage month, it's great -- it's, of course, every day for us is indigenous people's day, but i think throughout the month, we get to share and remind this country of the big contributions that native americans have made to the freedoms of that we enjoy here in this country. >> there are definitely issues that are specific to navajo nation. there are issues that are specific to tribes across this country. but when i asked you about the big things that you think you'd liked solved, they sounded like things that could come out of

anybody's mouth, anywhere in this country. how are they struggles for navajo nations and communities? >> with the resources, the funding that have been coming from washington, d.c., for the entire country, obviously, but this time, there is an allocation of dollars to indian country, which will help get water, electricity, broadband, telecommunication, building homes. you know, the needed infrastructure. ali, 30 to 40% of our navajo people don't have running water. and bier right in the middle of the most powerful country in the world. and yet there's that infrastructure deficiency. and i think you've got to be hopeful, ali. you've got to be hopeful in this position of leadership. the hopefulness is how the navajo people came out to support one another throughout this pandemic. last year around this time, we

were number one in the country if not the world in daily case counts per capita of covid-19, and you know what? the navajo people, through the public health experts and their leaders, turned that around, ali, and today, i would probably say we're over 70% of our navajo citizens living here that are eligible to get the vaccine are fully vaccinated. >> and we're not so individualistic, as well. we don't think just about ourselves. and so we're thinking about our families, our extended relatives, our communities. and when you actually have that in every momentum, it's easy to get a nation, a tribal nation, such as here to really -- who have a collective history and who want to move forward collectively and to want to preserve all families and all children. so i think that really did play into the numbers that we have now, with how many people are vaccinated and how many people still practice wearing masks and

washing hands, to, you know, even the social distancing and then, of course, to keep gatherings at a minimum. >> let's talk a little bit about the lessons that the rest of us might learn from this particular instance. because last year, i recall thinking, wow, it would be interesting if all of america sort of took some lessons from some of our native brethren to sort of say, let's really, really work hard on not having this deadly disease spread amongst us and wipe us out. >> we began to let our elders be the voice to our younger generation. we got out on television, using social media on the radio, talking in our own language. right now, ali, over 85% of elders 65 and over are fully vaccinated. and it's just the younger generation that are still coming

around -- >> like everywhere, they're invincible. >> we framed it in that way, and really, that's what played into the success of having a high vaccination rate here on the navajo nation. >> i want to ask you another question, first lady about violence. a few things have happened. first of all, there is a resurgent effort to deal with violence in native communities across america and in particular, there is a concern about missing and murdered indigenous women. part of it is that they don't get much coverage. it just kind of disappears -- it's a problem that exists. but one of the things that you have talked about, it's much deeper than that. it's not just a matter of covering these stories, because covering the stories doesn't necessarily bring these women and these men back in some cases. >> it does take a multidisciplinary approach to it. it's not just a public safety issue. it's not just for the schools or the homes. you know, it takes a lot of

people across the board, whether it's from education, health care, law enforcement is definitely in there, but also from victim services. and of course, media and communications, that's a huge portion of it, as well. but also to involve as many people as we can in these processes and procedures, when it comes to migsz persons, if we can really hone in on what is it that we need to do to prevent and to reduce these numbers. and then, of course, what type of intervention models do we need to implement? and of course, when these incidents do happen, what is it that we want to implement? and who do we want to bring in? it will take a lot of work, but i'm glad that it's really started these conversations. and a lot of it has to do with relationship building and not to go at it in an adversarial or confrontational way, but to really go about it in a civil way.

>> i want to offer my sincerest thank you to the president and the first lady of the navajo nation for taking time out of their day to meet with me. our show has made a commitment to covering matters of importance to america's indigenous communities and that commitment persists well beyond native american heritage month. well, this time last year, we were in the beginning stages of the worst surge seen during the covid-19 pandemic. and now there's another variant of concern rapidly spreading across the globe. what you need to know when we come back. lobe what you need to know when we come back.

wow... that's so nice! the gift of ancestry®... is a walk through your history. do you remember who this is? where the more you discover... wow! ...the more you come together. i can see... the nose... this holiday, give the gift of family. give the gift of ancestry®. o man, that's a whole lot of wrinkly at least my shoes look good! give the gift of family. looking good start with bounce wrinkleguard, the megasheet designed to prevent wrinkles in the dryer. there's a different way to treat hiv. it's once-monthly injectable cabenuva.

cabenuva is the only once-a-month, complete hiv treatment for adults who are undetectable. cabenuva helps keep me undetectable. it's two injections, given by a healthcare provider once a month. hiv pills aren't on my mind. i love being able to pick up and go. don't receive cabenuva if you're allergic to its ingredients or taking certain medicines, which may interact with cabenuva. serious side effects include allergic reactions post-injection reactions, liver problems,...and depression. if you have a rash and other allergic reaction symptoms, stop cabenuva and get medical help right away. tell your doctor if you have liver problems or mental health concerns, and if you are pregnant, breastfeeding, or considering pregnancy. some of the most common side effects include injection site reactions, fever, and tiredness. if you switch to cabenuva, attend all treatment appointments. with once-a-month cabenuva, i'm good to go. ask your doctor about once-monthly cabenuva.

the world is on high alert this morning due to the omnicron variant of covid-19. 13 new cases have been found in the netherlands according to the dutch public health authority. since we were last on the air, new confirmed cases have been identified in austria, australia, germany, and italy. overnight, israel announced it will ban the entry of all foreigners, making it the first country to shut its borders completely in response to omnicron. joining us now from tel aviv, israel, is nbc's raf sanchez. tell us more about the new measures being put in place from israel and what you're seeing. >> reporter: israel is manager aggressive than any other country. late last night, the israeli cabinet saying in a statement, they are banning all foreigners from coming into the country. that ban comes into effect in eight hours' time, and it is

going to last a minimum of two weeks. that is a decision that is going to hurt the israeli economy. israel just reopened for tourism a couple of weeks ago. but the facts that the israeli government is pushing ahead with it shows you just how determined they are to keep this variant out. now, as you said, in the last couple of hours, dutch authorities have announced that they have found 13 cases of omnicron among passengers who were on those last two flights from south africa to the netherlands on friday. and this was pretty stunning. on those two flights, there were 61 people who tested positive for both omnicron and other forms of covid. so they are going to get a lot of questions about how those people were able to get on planes and make it to the netherlands. ali? >> raf, thanks very much. as always, we'll stay close to you and your reporting on this. nbc's raf sanchez is in tel aviv, israel. fears of an omnicron

pandemic surge is already affecting the financial markets. the dow dropped more than 900 points on friday. it's not all doom and gloom for the economy. we'll have more on this when we come back. more on this when we come back. witch to t-mobile and bring your own device, we'll pay off your phone up to $1000. you can keep your phone. keep your number. and get your employees connected on the largest and fastest 5g network. plus, we give you $200 in facebook ads on us! so you can reach more customers, create more opportunities, and finish this year strong. visit your local t-mobile store today.

are you tired of clean clothes that just don't smell clean? downy unstopables in-wash scent and finish this year strong. boosters keep your laundry smelling fresh way longer than detergent alone. if you want laundry to smell fresh for weeks, make sure you have downy unstopables in-wash scent boosters. growing up in a little red house, on the edge of a forest in norway, there were three things my family encouraged: kindness, honesty and hard work. over time, i've come to add a fourth: be curious. be curious about the world around us, and then go. go with an open heart, and you will find inspiration anew. viking. exploring the world in comfort. ♪ limu emu... & doug ♪ ♪ superpowers from a spider bite? i could use some help showing the world how

liberty mutual customizes their car insurance so they only pay for what they need. (gasps) ♪ did it work? only pay for what you need ♪ liberty. liberty. liberty. liberty. ♪ spider-man no way home in theaters december 17th hey i'm joe montana. ♪ liberty. liberty. liberty. liberty. ♪ when you get to be our age, you have little patience for nonsense and inefficiency. after years of practice you become a pro at pretty much everything. so when i qualified for medicare, i got wellcare. they're pros at making things streamlined, efficient and convenient. wellcare offers great benefits like free grocery, meal, and prescription delivery. and if you need to see a doctor,

you can get in-home visits and 24/7 virtual visits. wellcare is no nonsense. just great benefits and none of the hassles. [ doorbell rings ] i have your delivery. appreciate it. ♪ ♪ wellcare is committed to getting rid of the nonsense and inconvenience associated with health insurance. instead, they're just focusing on giving you great benefits. so don't delay, act now. wellcare. it's medicare done well.

major u.s. stock market indices took a tumble on friday, following the emergence of the omnicron variant as the u.s. and other countries impose new travel restrictions on countries in southern africa. the dow fell 2.5%. that's over 900 points, while u.s. oil prices tanked down 13%. but while the markets were spiraling, you might have missed a few ups and downs. weekly jobless claims hit a new low, 199,000, that's the first time that number has been that low in over 50 years. meanwhile, inflation is at a 31-year high, and that supply chain crisis is showing very slow signs of improvement, making it very difficult to be optimistic about the rapidly approaching holiday season. joining me now to dig a little deeper into this good, bad, and

ugly is caleb silver, the editor in chief of investopedia. zblrng, kromm putting the fear back into financial markets. that was the biggest drop we've seen in 2021, the dow falling more than 2.5% last week. but with one month to go, a good time to check in on what's working in the economy and the labor market, as you mentioned, is starting to pick up. those were the lowest weekly jobless claims we've seen amid the pacific, and the lowest since 1969. that's a very good sign. also, we're seeing household spending remaining very strong in the united states right now, despite concerns about inflation, household spending, up 1.3% in october, and personal income keeps growing, ali. and we see those wages grease over the past 18 months, that is helping personal income grow. that's been steady for the past six or seven months right now, and the stock market up about 22%. we had a big hit on friday. but if you own stocks or you own your home, you've had a very

good year, as long as you've remained invested. when we look at what's not working out so well in the economy, it's inflation. it's at a 31-year high. consumers are starting to feel it and fear it. so we have inflation, we have gas prices up 66% from a year ago. a year ago, we weren't doing too much driving, so that rise is because we have a lot more demand, but we also have food prices up, ali. 5.3% from 2020. and that is all making consumers fearful about rising prices in the future, consumer sentiment at a ten-year low. that's not a great thing. and when we look at the ugly across the economy, we're talking about those supply chain issues. they are still a problem. the white house says they're going to be resolved eventually, but container shipping costs are up ten times from last year. this is the other side of demand, a lot of folks doing a lot of shipping right now. container shipping costs up ten times. we also have a lot of speculation across the capital markets. i mentioned the stock market, at near all-time highs. a lot of speculation, a lot of bets that the markets will

continue to rise. that's pretty scary as we see this new variant take hold here and we see what that has to do with the markets. and it's been an uneven recovery with lower-income households not participating so much in the economic recovery. that's the bottom part of the economy has not been doing well, we still have four in ten households, black and latina-x households that are food insecure amid the recovery. >> that's a trend that started 40 years ago that has been continuing in the low and middle income people sort of get stuck while those at the higher end, top 25% do particularly well in both good times and bad. caleb, good to see you, as always. thanks, my friend. caleb silver is the editor in chief at investopedia. caleb talked about shipping containers, i bet you don't give a lot of thought this stuff, but it's a big part of the why and how of what's going on right now. we're going to talk about how

you actually fix the supply chain crisis after the break. f chain crisis after the break walter, twelve o' clock. get em boy! [cows mooing] that is incredible. it's the multi-flex tailgate. it can be a step, it can even become a workspace. i meant the cat. what's so great about him? he doesn't have a workspace. the chevy silverado with the available multi-flex tailgate. find new adventures. find new roads. chevrolet. a mountain of toys to fulfill many wishes must be carried across all roads and all bridges. it's not magic that makes more holiday deliveries to homes in the us than anyone else, it's the hardworking people of the united states postal service. is struggling to manage your type 2 diabetes it's the hardworking people knocking you out of your zone? lowering your a1c with once-weekly ozempic® can help you get back in it. oh, oh, oh, ozempic®! my zone... lowering my a1c, cv risk,

and losing some weight... now, back to the game! ozempic® is proven to lower a1c. most people who took ozempic® reached an a1c under 7 and maintained it. and you may lose weight. adults lost on average up to 12 pounds. in adults also with known heart disease, ozempic® lowers the risk of major cardiovascular events such as heart attack, stroke, or death. ozempic® helped me get back in my type 2 diabetes zone. ozempic® isn't for people with type 1 diabetes. don't share needles or pens, or reuse needles. don't take ozempic® if you or your family ever had medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2, or if allergic to it. stop ozempic® and get medical help right away if you get a lump or swelling in your neck, severe stomach pain, or an allergic reaction. serious side effects may include pancreatitis. tell your provider about vision problems or changes. taking ozempic® with a sulfonylurea or insulin may increase low blood sugar risk. side effects like nausea, vomiting, and diarrhea may lead to dehydration, which may worsen kidney problems.

looking to get back in your type 2 diabetes zone? ask your health care provider today about once-weekly ozempic®. oh, oh, oh, ozempic®! you may pay as little as $25 for a 3-month prescription. instantly clear everyday congestion with vicks sinex saline. for fast drug free relief vicks sinex. instantly clear everyday congestion. and try vicks sinex children's saline. safe and gentle relief for children's noses.

so we were just talking about the supply chain and inflation, but the how and why of it all is not so clear cut. the reasons for the massive delays and the lack of product inventory run the gamut. it generally starts with the pandemic. many manufacturing companies shut down or slowed production at the start of it. when manufacturers tried to ramp

up production, because demand came back, raw materials in some cases were hard to come by. and with the existing labor shortages in some industries and many people leaving their jobs during covid, unloading, processing, transporting finished goods became a lot slower. it forced an eill-equipped system that was unable to manage the increased stress to essentially break down, and now that same system is trying to catch up. this morning, we are joined by mark levenson, independent historian and economist. he's an expert, like a true expert when it comes to the global supply chain. he's the author of multiple books, including this one. the box. how the shipping container made the world smaller. mark, there's probably no one who studies this and understands it as closely as you do and who is now in such demand to explain where is my stuff? and why is it stuck? >> well, thank you. i don't claim to be the world's greatest expert here, but i think we have to understand what's going on here is in

certain way a success story. when the pandemic broke out, governments around the world were concerned this was going the to lead to a depression. they pumped a lot of money in. the united states has had about $4 trillion in economic stimulus, under both the trump and the biden administrations. and the federal reserve has kept interest rates low. and at the same time, people can't spend on services, right? it's hard to take a vacation trip. it's hard to go out to dinner. so what do they spend all of this money on? they spend it on stuff, they spend it on goods. and that's really what's at the root of this crisis, is a big shift in consumer spending. >> we all sort of understand the just in time economy, right? it started with businesses not keeping inventory. they would get what they needed on an ongoing basis. and then it came to us, we would buy what we need online and it would often get delivered tomorrow or the next day. all of this for the last 25 years has looked like a perfect system. it has looked fantastic.

we don't waste space warehousing goods, don't make more than we need. but all of a sudden, it has come back to bite us. should we be changing the underlying system, or is this supply chain matter something we'll catch up to and it will be okay in the end? >> when you talk about "we," you have to understand, this is really a decision that's been made by a lot of companies separately. they figured out the cheapest way to manufacture their goods and to get them to market was to create these supply chains in countries often where wages are fairly low. they make this part here and that part there and ship them around to have this part assembled into a component and send the component somewhere else. these long supply chains were really efficient, as long as they worked. of course, the problem is that they're vulnerable to interruption and i'm afraid that a lot of bean counters who figured out that these someplace chains were just the cheapest way to do something didn't pay so much attention to the risks. what happens to your business if the supply chain doesn't work.

a lot of companies have found out that this is pretty costly. >> let me ask you about the trucking part of it, right? we've known for years that there's been a shortage of truckers, that there was going to be a shortage of truckers. are there a shortage of longshoreman and stevedors and port workers? >> whether there's a shortage of truckers in my view, i'm an economist, if you don't have enough people to drive trucks, you pay people more to drive trucks and you'll have more truck workers. the people who work on the docks work pretty well, so there's not a shortage. but it's a pretty skilled job. you can't just open the dock for longer hours and say, now we have more workers to handle the cargo. they can't just show up like that. it takes times to train people into these jobs. and then you want to make sure that you're going to continue to need that many people. it's not clear that once the pandemic ends that we're going

to have a supply chain problem anymore. if you dial back just a year and a half really, we had excess capacity in the ports and excess capacity in the ship lines. and so nobody wants to invest a lot of money and hire a lot of workers to deal with what is a boom that may go away pretty soon. >> mark, i actually do think you're an expert on this. so thank you for joining us this morning. you certainly know a lot about it, you've written a lot about it, and i frankly think that reading your stuff will make us all a lot smarter. mark levenson is an independent historian, an economist, and the author of the book "the box: how the shipping container made the world smaller." go nowhere, we are just getting started on this sunday morning. straight ahead, representative raja krishnamoorthi will give his thoughts on president biden's build back better bill. another hour of "velshi" begins right now.

all right. good morning. i've got it all together now. it is, in fact, sunday. it's 9:00 a.m. in the west, 6:00 a.m. in the west. i'm ali velshi. the twice-impeached president is headed back to course. donald trump and his legal team will try their luck one more time to keep the january 6th committee from obtaining hundreds of pages of documents from their archives. there might be more signs of bad news from trump's team before they enter the courtroom, because there's a question if the court even has legal authority over this case. trump and his team trying to assert executive privilege. ten new subpoenas were handed out in the past week to a list of people and groups that included far-right provocateurs, alex jones and roger stone, as well as domestic extremists, like the proud boys and the oathkeepers. dozens of subpoenas have been previously issued. the committee has acknowledged

that the majority of those who have been on the receiving end of those subpoenas have cooperated to some degree so far. steve bannon is infamously the biggest holdout. he's opinion charged with the justice department with contempt of congress for not participating. but he's no longer the only one defying the subpoenas. the former white house chief of staff, mark meadows, former department of justice official, jeffrey clark, they both stonewalled the committee during their scheduled depositions. congressman bennie thompson, the chairman of the january 6th committee, has threatened to hold meadows and clark in contempt, as well. but so far he hasn't done anything about it. we'll see if that changes in the coming days. congress is back in session this week. the senate will take up the build back better bill, which was passed by the house just before congress went on recess about a week ago. democrats have remained optimistic about the full passage of the second part of the president biden's agenda, but we haven't heard much from senators joe manchin or kyrsten sinema. they're the two main holdouts