so it is partly set by the board of kcs.ide it is time to crystallize the value, the real value of the company will show in the results. guy: do you expect pacific to come back? do you think you are in a bidding war? jean-jacques: no, we are focusing on kcs and offering them the customers, the employees, and everything investable for something they would value not only from a financial point of view, but also the kcs team is very solid commercially and operationally. we are also very mindful of their role as stakeholders in all of the cities and places where they have businesses, where they have jobs. in that mindset, we are offering kcs for kansas city to remain the headquarter of all of their combined u.s. operations, and the whole transaction is based on growth. it is not a major effort in reducing jobs, but creating jobs for those who are banking on the usmca as a basis from which they will grow their own business, whether manufacturing or consumer goods. alix: definitely a good point when it comes to regulators. can you

and during the -- last year's hearing the air force investment of the kc 135 and kc 10 would put transcom -- the kc 36 didn't come out the way we want it to, and yet it took action from the ndaa from 2021 to reverse the number of those divestments to ensure transcom has the necessary capacity to meet the requirements. you may want to elaborate on this for the record. but i look at this and say what's wrong with our requirements process when congress has to step in to ensure they have enough tanker aircraft to stay mission ready? your observation was right, that it took us action to make sure that happened in our fiscal year 21 ndaa. anything come to your mind in terms of why it's necessary for us to do this and why this couldn't have been done before our action was necessary? >> well, senator, first i want to thank you for your support on the issue of aerial refuel which is such a critical force element and basically the lifeblood for the joint force in terms of weapons systems. last year you asked a question what was the implications operationally to the delay of the boeing kc 46 deliver

kcs shareholders own own a combined share of the company. regulatory review, as it will be for the canadian pacific deal. we did have canadian national ceo join us in the last hour, and he laid out his reasons as to why he believes his offer is both superior and will be pr prove -- approved by regulators. >> we have the best value to offer. we have the benefit -- we have the better partners to have more value by the time we decide they want to combine with another railroad it's a growth story. it's about creating new business and converting and also to enable customers to do more trade and connect to more customers. it's not about we're removing any competition. >> that's a key question is it not about removing any competition. they feel as though obviously if they get ksu it's a win, but if they prevent someone else from buying it it's a win the only lose is allowing that transaction to move forward. the pressure is on canadian pacific to increase the deal it's difficult if you're that ksu board to say this is not a superior offer it may co

kcs decided it was time to crystallize value for their shareholders.ve been in the same situation. combining railroads has a lot of value, so you want a good geographic fit. in the case of cn, we have the balance sheet to offer the real value of what these railroads combined together would be. the timing is partly set by the board of kcs. they decided it is time to crystallize value. the real value of the company will become transparent. amanda: we want to bring in lee from bloomberg intelligence. to me, the most interesting steps are not with the kcs board thinks about this, but what the surface transportation board thinks of it. both canadian railways have taken a run in the u.s. market and failed attack in early. will this be different? >> with kansas city southern, there is a bit of a difference because they were exempt from some m&a new rules that went into effect in 2001 because of their size. they are much smaller than the others. the real question is whether the officials will allow the waiver to continue or this merger, whether with them is th

the fxe and the kcsm that's the mexican part of the kcs.our u.s. franchise, which is the best in the sdry, to connect mexican business into the united states and vice versa. our concern is that whether it's the cp or cn buying the kcs thatting retard those customers. to remedy that we go through the stb in this process to identify risks for customers and identify the potential remedies and get them secured through the process. so that's kind of what's on our mind right now in terms of are union pacific participating in class one mergers, historically we've always looked at the process, the stb will have to go through, in terms of enhancing competition, evaluating things that have to be better for customers, and looking at the long-term downstream impacts as being an opportunity for the stb to destroy long-term value in the industry through regulation nap would be through things like open access. and as a right now, we've always had that calculus over-weigh benefits of consolidation. that's a calculus we do all the tile this process will inf

from 2003 until he retired last year kc was in charge of a therapy center that's affiliated with the catholic diocese of passout. he says there's been a big increase over the last decade in the number of people who've come to the center for help. the situation is serious in fact it's alarming we've even had a few deaths recently that puts 3 different. when clique walks through parts of town known for drug activity he can often grade some of the people there by name. the number of addicts who've come to the center is increasing 20 years ago cook had just a handful of clients 3 years ago there were 80 and now the number has risen to well over 100. and those are just the statistics from one counseling center. high goodness to consummate no one who uses crystal meth comes to my office on their own and asks me for help all of our clients have been ordered to get counseling. a prosecutor will tell them sign up for a treatment program or go to jail. but those people are just the tip of the iceberg well this is a huge problem you don't use the power to be a police excited. but few people asi

air force the 130s five and 110 from the lowest minimum requirements in light of the fact that the kc 46 didn't, the way we wanted it to get it took action from nba from 2021, reverse the number of those divestments to ensure they have the necessary ways to meet the requirements. i have to say, you may want to elaborate on this, for the record, i look at this and say what's wrong with our requirement process when congress has to step in to ensure aircraft is stayed? observation was right, it took nus action to make sure that happened in our fiscal year 21. anything comes in mind in terms of what's necessary to do this and why this couldn't have been done beforeto that our actions were necessary? >> first, thank you for your support on the issue of refuel which is a critical element for joint force in terms of weapon systems. last year you asked, with the implications in the delay of 46 delivery? based on the profile, there were implications to respond to day-to-day crisis. i'm happy and pleased to report this year we are in a better position, regularre alignment between air force and

which by the way are not new they're 20 years old but kcs may have been exempted from them.care. and here again is what they had to say in terms of their bid, versus of course the current deal that kansas city southern is going to be acquired by canadian. >> we definitely have the best value to offer you know, we have the best, the better bid, we have the better partners to personalize even more value at a time where we decided they want to come buy another railroad it's a growth story. it's about creating new business it's been converting the highway, and it's also to enable customers to do more trades, and connect to more customers. it's not about removing any competition. >> of course, for its part, jim, canadian pacific yesterday came out, by the way, pointing out that their ceo's from alabama which i thought was kind of interesting. going that route but they also went on to say that the proposal, that they were talking about is inferior because it creates adverse competitive impacts and raises other serious public interest concerns, going on to say as well, cn's proposa

. >> clerk: hello kc. >> hello >> also i know the issue of the renaming the schools the weight was doneaphazardly on a historical basis put on a back burner. i know that wastes so much money that should be allocated to schools to help the schools re-open and provide all the tools they need and the ppp and things like that. and also what the the plan in terms of the budget. so we know how the money is being spent and who is paying for the litigation from the city? i think that all needs to be made public because we're taxpayers and paying for that and if schools are not being re-opened, we have a right to know how that money is being spent. >> clerk: thank you. hello, howard. >> yes. so i actually wanted to offer a mixed view and moliga wanted to carve out some time for people that had a mixed view on the topic, but none was provided. >> clerk: give me a moment. president lopez, how would you like to address this? >> president lopez: i'd like to stick to what we've already organized. >> clerk: okay. so, howard, we're not discussing that topic anymore. >> just that i definitely support je

next hour, kc mcfarland on the global threats facing the u.s.clear what he wants from a new world order. joining the conversation all morning long, dagen mcdowell and jon hilsenrath. you're watching "mornings with maria" live on fox business. we'll be right back. ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down. and there's nothing down there with you but the choice that will define you. do you stay down? or. do you find, somewhere deep inside of you, the resilience to get up. ♪♪ [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ ♪♪ maria: welcome back. backtracking on the border, white house press secretary jen psaki walking back comments made by president biden over the weekend where he referred to the influx of migrant children at the border as a crisis for what it is. here's what she said. >> the problem was that refugees i was working on the crisis on the border -- [ indiscernibl

. ♪♪ ashley: a little bit of kc and the sunshine band on a sunshiny day in new york city.utiful blue skies. good time for casey ended the sunshine band. looking at futures, we are up on the dow jones 245 points in the premarket, s&p and nasdaq up over 1%. lets a brain jason katz to talk about it. as i mentioned before, stocks rallying on friday's jobs reports is the good news, but you say the markets aren't paying enough attention to who will pay for the 2 trillion-dollar so-called infrastructure plan and throwing cold water on this. >> look, i mean, it's undeniable that we need bridges, roads, tunnels, high-speed broadband etc. the question is how do we pay for this and it's remarkable to me how little attention in the financial community and the media for that matter have been paying attention to this until now. apparently janet yellin is paying attention predicated on her announcement. s&p earnings next year if we get an increased to 28% in 21, we can knock off 7% and with over 20 times earnings we can ill afford seat earnings come down that much is the one in the meant