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i'm asking former cke restaurant the ceo andy puzder.♪ charles: in less than two weeks, the democrats will control the white house and both branches of the government, congress. but with the razor thin majorities in the house and senate, they will have a tough time pushing through all their big agenda items. they will get through the federal minimum wage, they'll be able to increase leglations and, of course -- regulations, and, of course, an individual and corporate tax hike. joining me now, author of "it's time to let america work again," andy puzder. by the way, you're also joining me next wednesday for our town hall on the future of capitalism under the biden administration. let's talk about the threat to american-style capitalism. it's been a long time coming, but i think the people who have had distape for capitalism are now not only in the driver's seat, but i think they've got, obviously, the power to go with it. how do you see the outcome? >> look, i think american capitalism and the entrepreneurial spirit are strong enough to s

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charles: andy puzder, can't wait to see you on wednesday.e, more "wall street" right after this. ♪ ♪ shingles? dios mio. so much pain. maria had to do everything for me. she had these awful blisters on her back. i don't want shingles when i'm your age. actually, if you're 50 or older, you're at increased risk that's life, nothing you can do... uh, shingles can be prevented. shingles can be whaaaat? prevented. you can get vaccinated. where? at your pharmacy, your doctor's - hold on! don't want to go through that! 50 years or older? get vaccinated for shingles. now. 50 years or older? no one likes to choose between safe or sporty. modern or reliable. we want both - we want a hybrid. so do banks. that's why they're going hybrid with ibm. a hybrid cloud approach helps them personalize experiences with watson ai while helping keep data secure. ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ charles: welcome back. you can catch maria this sunday on the fox new

speak with georgia congressman jody hice about the future of the republican party, and then ask andy puzderbout the future of capitalism under the biden administration. but first, a dramatic weak in washington. >> we were told that we couldn't win this election. but tonight we proved that, with hope, hard work and the people by our side, anything is possible. >> it is with humility that i thank the people of georgia for electing me to serve you in the united states senate.

speak with georgia congressman jody hice about the future of the republican party, and then ask andy puzderbout the future of capitalism under the biden administration. but first, a dramatic weak in washington. >> we were told that we couldn't win this election. but tonight we proved that, with

former cke restaurant ceo, former labor secretary nominee and author of the capitalist comeback andy puzder minimum wage, that's what the biden administration wants, what would it do to struggling businesses say a small restaurant, andy, in the rural south. >> as you know, the small small businesses across the country are smalling like flies and it makes absolutely no sense to increase labor cost when we've got businesses that are about to collapse and we had to help to stay afloat. we are going to basically drive them out of business. the small retail businesses can't survive currently, increasing their cost is just going to make the situation much worse. dagen: brian brenberg, jump in? >> here is the i logic from what i'm seeing from the biden administration, the plan to throw money on small businesses to help them survive and on the other hand, we will raise the cost. i see them talking about buy american for federal contracts on the one hand but i see them undercutting america's resources. it seems to me that you have two forces pushing at each other and the resolve we end up wasting mo

andy puzder joins us. he knows a lot about this kind of thing. e $15 an hour as federal minimum wage. i think it would really hurt a lot of states, however, i think this is going to happen because it's popular, with all the surveys that i have seen. it has support on both sides of the aisle. it is an easy thing to do. that is why i think it's coming. what say you? >> well it may be coming but it would be a disaster for american businesses. you might recall back in 2019 the congressional budget office said a 15 minimum wage would cost 8 billion in family income. it would take 1.3 million jobs. that was during the best labor market on record. can you imagine what the 15-dollar minimum wage would do at a time when we're seeing tens of thousands of small businesses close, 110,000 restaurants have closed permanently. another 5000, 500,000 are in danger. yelp said 100,000 restaurants closed between the beginning of april and the beginning of october. that is about 500 small businesses a day closing. the increasing labor costs for these businesses will b

speak with georgia congressman jody hice about the future of the republican party, and then ask andy puzdertion. but first, a dramatic weak in washington. >> we were told that we couldn't win this election. but tonight we proved that, with

speak with georgia congressman jody hice about the future of the republican party, and then ask andy puzderism under the biden administration. but first, a dramatic weak in washington. >> we were told that we couldn't win this election. but tonight we proved that, with

stuart: big hour just ahead, ric grenell, will cain, andy puzder. privilege. third-graders? after this. >> we have more troops in our capital preventing americans from participating in democracy then we have in our borders defending them. this is not the america that i want to be part of and to remember. >> what i do know 25000 troops, two divisions worth of service members to defend a virtual inauguration does seem excessive. >> if they don't want to give to certain candidates, just don't give to them you don't have to come out publicly say you're going to. >> i warned the people watching "varney & company" every week for the last number of months that joe biden is not a moderate, i think climate change obsession by the left is trumping their concern about jobs and wages for americans. >> of joe biden returns us to the obama economy, he will simply finish second or third across the last three administrations ♪ ♪. stuart: groove in the heart, you're looking at a still deserted six avenue in your city, it's 11:00 o'clock on the east coast monday janu

the man who wrote it i'm agreeing with him, andy -- andy puzder who joins us now.siness lost 498,000 jobs in december and that obviously the result of lockdowns. am i right? >> you are absolutely right. what these -- even with the payroll protection program which is about $1 trillion at this point, $953 billion to help these small businesses we seen tens of thousands close and hundreds of thousands of small businesses in trouble and this is a horrific situation. people are losing their jobs. we don't have job openings and look, these lockdowns have got to stop. stuart: yeah, but will they? here is my scenario? look, i think one of the first things that the biden administration will do they will bail out the california, new york, illinois and new jersey's this world and they will bail them out. they don't mind locking people down and ruining their own economy because they will get a bailout from the taxpayers of florida and texas. i think that will happen paid what say you. >> i think that could well happen. we are in a very, very dangerous situation. look, there is