kelly o'grady has more. reporter: good to see you, liz.tive means every california resident including illegal immigrants would pay for health care in the state. in order to cover california would have to bring in an additional $163 billion that would more than double its annual tax revenue currently. let's remember, california already has the highest marginal tax rate. under the new proposal the top marginal tax rate would reach 18.05%. an even those making 50,000 would pay double-digit rates. the cost of businesses, companies with more than 50 employees will incur a payroll tax which could disincentivize small businesses from expanding. as stiltly they will bear a 2.6 gross receipts tax. only a handful of states have there less than 1%. low or no margin businesses like grocery stores or entrepreneurial ventures would get hard. >> this gross receipts tax will hit years they have losses when they can't afford it. for founders this is high individual income taxes high as well. it makes california way less attractive for the startups that hav

county kelli o'grady joins us now with how these companies are supposed to handle this, good afternoon>> an afternoon i am actually at the scene of a train robbery last week unions specific to experience i want to show you what it look likes we have packages littering the train tracks this is cleaned up 30 days ago, this is all new i want to know there is a school down the street which is disconcerting that this happened we saw train go by earlier today and there were tesla partaking out the open back of one of the containers i want to tell you what's happening with a few numbers 90 containers are it is up 160% versus last year with train robberies in october up over 350% a big portion of his being laid at the feet of progressive policies critics are questioning why the fbi invited the administration of knock on baldwin this could worsen our supply-chain crisis and ups calling on l.a. district attorney to change the special directive which mandates the misdemeanors will be dismissed instead of prosecuted in a letter to the da they stated criminals are caught and arrested entered over t

kelly o'grady. kind of funny folks i don't know if you saw but we did have jay powell coming out saying, the ports are still very clogged all right, timing is everything, they say that, right? one semiconductor company hoping its very specific chips used in nearly every electronic device will beat the clock when it comes to the microchip shortage. investors are counting the stock of the company up 90% over the past year, we'll tell you who it is, next and you'll meet the ceo in a fox business exclusive. closing bell ringing in 29 minutes, the dow up 197, you can take a look at that nasdaq up 210, that's a gain of about 1.5% while the s&p is up just under 1 %. we are coming right back. i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do i

kelly o'grady is going to tell us how it's all done and she's live in a fox business exclusive hey, kellydquarters. this is where the robots come back to sleep every night after they have been hard at work on those sidewalks delivering food and like you said the big news is that they just completed the first commercial l-4 delivery that means no humans in the loop except when the robots cross the streets or encounter something confusing in the field and they call back to hq for help. for reference tesla is at l 2. i'm really excited to show you these robots in action. i heard you say before the break you notice they all have names. my favorite is enzo, okay look at this little guy and i'm here with ceo of serve robot ins. how does this work? >> it's actually quite easy. you place an order and the robot shows up, you enter your code and you unlock. reporter: what do we got for lunch? oh, m cafe i've been pretty hungry so that works. what has been the interest from partners in using these robots? >> there has been significant interest actually, a lot of inbound interest. we have partners li

kelly o'grady is also live on the floor.you, fox business has a massive team preference here at c sexer s. she's going -- ces. we're live in las vegas at ces 2022. closing bell ringing in 37 minutes. dow jones industrials down 264, the nasdaq down 450. we're coming right back. ♪ ♪ meet ron. that man is always on. and he's on it with jardiance for type 2 diabetes. his underhand sky serve? on fire. his grilling game? on point. and his a1c? ron is on it. with the once-daily pill, jardiance. jardiance not only lowers a1c... it goes beyond to reduce the risk of cardiovascular death for adults with type 2 diabetes and known heart disease. and jardiance may help you lose some weight. jardiance may cause serious side effects, including ketoacidosis that may be fatal, dehydration that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have sympto

nine different indie cars, kelly o'grady is right there at the track.re. this is the coolest way to end ces, right? see the tech in action. all right? okay, i want to show you, we've got tons of people here, everyone's excited to see the technology. and i want to take you over to actually see one of these cars, okay? so we got them going around the track. over here we've got one of these autonomous cars, and you can see there's no driver in there. and up at the top above that green -- oh, there it goes! start your software, liz. [laughter] it's off. that -- [laughter] and we are going to go right over here. this is where it's all controlled from, okay? we've got, this is the pit, and i'm going to bring in paul mitchell, the ceo of energy systems network. tell me what's going on here. what are they doing with this vehicle? >> when heir in the pit, the only option they have to do any changes to the car is before the car leaves. they're downloading algorithms, checking the level, but once that car leaves, it's outside of their control. we had a car go 169

neil: thank you very much, kelly o'grady. these days, you have to look at higher costs, and you have to look at alternatives beyond just the wings. meet the guy who did. after this. ♪ and a little bit of chicken fried -- ♪ cold beer on friday nights. ♪ a pair of jeans that fit just right and the radio on ♪♪ ♪ and savings like that follow you everywhere. ♪ now, save more with allstate. ♪ because better protection costs a whole lot less. you're in good hands with allstate. call a local agent or 1-888-allstate for a quote today. ♪ neil: they say if life gives you lemons, make lemonade. the same thing applies if your business is chicken wings and they're getting pricey, look at the rest of the chicken. that's exactly what my next guest did, the ceo of and founder of wing it. not just wings. matt, good to have you. >> hey, neil, thanks. thanks for giving me an opportunity to talk a little bit about the chicken challenges we're facing. neil: yeah. i certainly was surprised to hear how much wing prices have gone up and all, but you'

neil: thank you very much kelli o'grady let's go to edward lawrence including the push with omicron virusswirl around house speaker nancy pelosi said there's an opportunity that exists to put more covid relief money out there, it would be in the bill to fund the federal government as the deadline looms with the federal government could run out of money let's listen to her words. >> again we have to protect the investment is their most important we have to protect the health of the american people. the administration has not made a formal request for more funding but it is clear from the opportunity that it is there. when asked about it last week the white house press secretary will only say event conversations. senator roger wicker and ben cardin are working on upping the restaurant idolization and a separate bill which could be attached to the government bill byron donalds tells us the focus should be on getting government out of the way not government handouts. >> what we need for mayors and governors and blue states to stop the ridiculous lockdowns and mandates the mayor of d.c. put in

we have kelly o'grady with the latest. hey, kelly.es pulled out that just means that the focal point can be on a more diverse set of innovators this year. one of the big focal points is autonomous vehicle. i'm about to take my first drive ever in a autonomous vehicle, which is pretty exciting. i want to bring in paul parone of parone electronics. when can we see this own the road. >> we're autonomous today. this is a autonomous transit van, we're fully in autonomous mode. there we go. reporter: we zoom ad way here. where will we use most of these in the near future? >> these types of vehicles you will see in downtown business districts, circulators, campuses. also the type of vehicles we outfit in logistics yards for materials handling. reporter: logistics dealing with supply chain crisis, truck driver shortage, labor shortage. how are some of your vehicles tackling tackling that to alleviate that stress? >> we handle environments where we go driverless today. we don't handle the great american highway driverless problems. we bring au

kelly o'grady live with that growing crime trend. >> sandra: begin with the story of brianna kupfer,ever imagine. jonathan hunt. >> the murder of brianna kupfer was horrific and apparently entirely random. the 24-year-old had gone to work at her part-time job at a high end furniture store last thursday. >> she was a dedicated person, she was at work that day, i don't know why she was there alone, but she was, and i don't think anybody would have anticipated this could possibly happen there. >> within hours of arriving at work, kupfer was stabbed to death by a homeless man, walked into the front of the door, attacked kupfer and calmly walked out the back alley. >> i'm not blaming anybody by name, i blame what's endemic in the society is that everybody seems to be oriented on giving back rights and bestowing favor on people that rob others of their rights. >> on the same day as kupfer's murder, 70-year-old sondra shells, a nurse close to retirement, she was punched by a homeless man, she died three days later in the hospital. the sheriff has accused george gascon being soft on crime, a

david: kelly o'grady. thank you very much. may have to send them a selfie. the latest move by the taxman that is sparking a lot of privacy concerns. that's next. psoriasis really messes with you. try. hope. fail. i felt defeated. the pain, the stares. no one should suffer like that. i said, enough. i started cosentyx®. five years clear. four years clear. five years and counting. cosentyx works fast. for clear skin that can last. real people with psoriasis look and feel better with cosentyx. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis. an increased risk of infections some serious, and a lowered ability to fight them may occur. tell your doctor about an infection or symptoms, or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms develop or worsen. serious allergic reactions may occur. best move i ever made. i feel so much better. see me. ask your dermatologist about cosentyx. this is elodia. she's a recording artist. 1 of 10 million people that ask co

kelly o'grady in l.a.rt. >> dana: this weekend's nfl playoffs came down to the wire with every game being decided by one score. chiefs edged out the bills in an overtime thriller. the score changing four times if the last two minutes. in l.a. the rams put away tom brady and the buccaneers. on saturday night the 49ers stunned the packers at lambeau field with a walk-off field goal. what does that mean? they won without scoring an offensive touchdown and hemmer's bengals. thanks to mcphearson who knocked the game-winning field for the bengals. chiefs are hosting the bengals and 49ers against the rams in los angeles. not great, not great. i give myself a c. i enjoyed it. thank you for the opportunity. >> bill: you texted me say hemmer, bring in your lucky hat and i said it would jinx it. this hat has been in my drawer for six years. i never wore it until two weeks ago and now it's two for two. a lucky hat. >> dana: congratulations. my mom said hemmer must be very happy today. >> bill: sweet. best to your mom.

kelly o'grady is live in los angeles with the latest on this. lot of frustration on the ground here. businesses, residents, the homeless themselves are questioning the timing of this cleanup as tourism and celebrities are about to descend on los angeles for the super bowl. at the last count, 66,000 were experiencing homeless here, so this problem isn't new. earlier this week, crews in hazmat groups cleared the encampment, a strategy that's evidence of the failure to address the housing crisis. the department of transportation cited safety as the reason. caltrans said, quote: this encampment was identified as a fire risk in november due to the presence of a fire pit and hazardous use of electrical equipment. it was cleared to protect the safety of the traveling public. november is two months ago, is so the timing of this just weeks before the super bowl has businesses frustrated about the sudden urgency to do manager about the problem. >> it can't be coincidence. it's two weeks away, like you said is. i don't think it's because of the fires, i thi

neil: lovely, thank you very much, kelli o'grady following all of that.ever been there it is awesome. i'm not just trying to get free food but i'll put the pitch out there, very good to have you, happy new year. >> happy new year to you thank you so much for having us back. any little bit in the restaurant industry helps us all. >> you deserve that your whole industry does, tell us how things look right now. >> it is a challenge it may be the most challenging time we've seen so far there are days that are announced right now right now we see the effects the long-term effects of the labor shortage, what we were just talking about the supply chain shortage all going back to labor with high prices and protein across-the-board. >> where is it hitting you the most you have a menu were almost all the items have been in short supply, how do you deal with that. >> one of the things that were fortunate to weather the storm better than a lot of our competitors is because we do have a lot of depth in our menu so when these prices are up 16% again trending into this

fox business correspondent kelly o'grady tells us tonight from los angeles. ng, kelly. >> good evening, bret. well, nearly 100 billion of the 2 trillion cares act relief was dolled out to fraudsters, criminals ripped off american taxpayers to fund everything from lamborghinis to rolexs to strippers. we dug into the filings. share. so wildest examples. the largest sum was 35 million. recording artist diamond smith pled guilty to n. a scheme to file 79 fraudulent. used loan to buy a ferrer 96,000, in addition to the car he obtained over a million in ppp. one awarded 2 million in unemployment benefits by stealing the information of third party victims. they proceeded it post audacious photos of themselves on social media holding and fanning out the large sums of cash which helped authorities discover them and it wasn't just ordinary individuals and celebrities stealing money. government officials also snagged some of the covid relief illegally. jason larry, the first ever mayor of store crush georgia 2 million aid to pay off taxes and the mortgage on his lake fro

i want to ask kelly o'grady because she is live in las vegas. she's there. tanding, there's so much excitement. people want to see that new next gadget and, actually, according to a new poll from morning consult, you know, there's a lot of trepidation about tech. this poll says that nearyly two-thirds of adults are excited about technology that's going to improve their daily lives. you probably, like me, watched the jetsons when you were younger, thought when am i going to see flying cars? i'm going to bring in craig from skydrive, and he's going to tell us about this flying car. when might i actually be able to do this in my daily life? >> in 2025. in japan we're going to be launching this. >> reporter: 2025 the, a couple years from now. tell me, what can i expect? is this going to be used for passengers, commercial use? what can we expect? >> it's going to be commercial use at the start, and we're going to be able to provide -- as well, but we're going to be using out for a tourist type thing, taxis as well. >> reporter: okay, great. and one of the things t

kelly o'grady live on the ground of port of los angeles with more. kelly. reporter: hi, charles.s but the supply chain crisis still continues, right? you said there are bare shelves, rising prices. here at the port we're seeing a near record high of ships offshore. i want to start there. so right now we have 102 ships loitering off sea. to context allize that figure, 50% higher than peaks in november we saw. in stark opposition to administration celebrating achievement. at federal reserve chairman jerome powell hearing he admitted we have not seen the forecasted progress. they impact stores. you mentioned the hashtag bare shelves biden is trending on twitter. in utah and reported shortage of everything from meat to pillsbury business kits. they are expected to taught supply chain investments in the infrastructure bill and 52 billion-dollar grant to support rail operations. those are long-term investments potentially taking years to reap the benefits. americans are desperate for change now. some big names are taking matters into their own hands, considering moving manufacturing fr

kelli o'grady live in los angeles with the latest on the story.e cares act was doled out to fraudsters that is 5% the stolen money was put on they were giddy's and rolex to strippers if you can believe it, we dug into these are what if share a few 2 million and unappointed benefits by using information of third-party victims they proceeded to post photos on social media holding and fanning out the large sums of cash which helped authorities discover them, he conspired with an individual on match.com to steal the identity of numerous victims in open bank accounts, she is charged with helping her online paramore over 99000 and unemployment social security benefits. imagine that romance probably did not last and government officials told the covid relief. jason larry the first ever mayor of stonecrest georgia use the six-point to million the city received in aid to pay off his own outstanding taxes and the mortgage on his lakefront home. as people lay in hospital beds many criminals committed schemes ranging in extremity from settle claims to early w

go to kelly o'grady is live at the scene after recent cargo theft right there in los angeles. rles, yes, recent union pacific robbery from last week happened right behind me. i want to show you the carnage. because these images speak for themselves, okay? the ground, tracks are littered with unused covid tests, masks, you can even get a dishwasher down the street if you want. we've seen folks coming by and picking through everything today. these containers are coming from the ports by the way. this just doesn't impact california. this impacts consumers and retailers across the country. context allize what it happening. average 90 containers are compromised per day. union pacific says train robberies are up 160% versus last year. in october then up 350% year-over-year. the losses are steep. the thefts cost union pacific five million in damages. that doesn't affect the retail customers or consumers. when covid tests don't get to the destination. that impacts our testing resources. a big part of blame is progressive crime policies. they want to say 13 types of misdemeanors will no

i do want to talk about what kelly o'grady has found in another part of ces. ta talk to us it's an indy ev that's a startup car maker aiming to make an electric crossover. take it away, kelly. reporter: yeah, liz i'm having so much fun over here and you know, electric vehicles have been such a focal point here at ces and i found one that's going to knock your socks off so indy ev has the indy 1 i'm going to take you inside the car here we'll get an inside look, and this is, they are coming up with a crossover so this is the future of electric vehicles. i'll bring in andre hudson who is their head of design at indy ev. andre, tell me, we've got these big aesthetic screens. what is the super computer, what can they do on it? >> so what we're offering the segment's first vehicle integrated super computer and what that's going to do for our customers is allow us to bring in content, gaming, social content creation into the vehicle like never before and you see the interfaces in front of us here with the dual two 15-inch displays to allow the passenger to interface

great journalism, kelly o'grady. wow, the images are shocking and disturbing.bringing that to us it is terrific reporting. media columnist joe concha. you saw what is going on in california. what is your reed action to that story, joe. >> great journalism. i'm old enough to remember the summer of 2020, summer of love, far left groups occupying police stations in seattle, nightly riots in portland, murder rates soaring across the country in cities like los angeles where the report was from. many democrats along with their allies in the media pointing the finger at police officers. many lawmakers on the left reallocate police funds, defund the police. now we see the result, 16 major cities, elizabeth breaking homicide records in 2021. excuse me they're all run by democratic mayors. record number of police resignations and retirements. gangs taking over cities like chicago and l.a. what did the president talk about this week? executive orders on police reform. that is where the focus is from the very top. joke, emac. elizabeth: you know you compare it state attorn

kelly o'grady in west hollywood, california with more. >> hi, edward, yes, today west holiday is increasingt in the nation and over the next 18 months that's going to increase further resulting in a total of 45% versus now, they're also going to be added on mandated of a month of time off and this isn't just happening in southern california. across the nation 26 states are raising minimum wage in 2022 and the labor shortage and inflationary pressures are big factors here and businesses may be forced to raise prices and turn to cheaper automation solutions just to make ends meet. we spoke with the west hollywood city and the business staff have been engaged with businesses in west hollywood and invite feedback from businesses and employees. i'm here with one of the business owners now, owner of a restaurant. was this increase necessary or was the market already correcting for this with the labor shortage we're seeing? >> indeed, we've already had wage inflation this last year. we're well above this wage for our kitchen staff. they're averaging 19. it's going all to the servers and bartenders

kelly o'grady is live in los angeles with more on the governor's plan. kelly. >> hi, ashley.te has the highest marginal tax rate. it does not appear that they are waking up to some of their policies driving out of the state. these new initiatives may not address the roots of the issue. last year nearly 1% of the population left. roughly 300,000 people. you can see where they are going. florida, texas, as we said. more business friendly. california is not only dealing with soaring housing prices, also i multimillion unit shortage which is a big contributor to the homeless crisis. one of newsom's initiatives includes 2 billion in grants and tax credits to encourage housing development in urban areas. also floating and pausing an increase in the gas tax. to be clear, that would not reduce paying at the pump, just prevent it from getting worse. bell, other climate initiatives from the governor to stop oil drilling in certain areas could see gas prices increasing. new high cost initiative would negate all of these monetary incentives if asked. the proposal would create the first i

larry kudlow is here to weigh in, and also team coverage with kelly o'grady, but first with grady trimblehe shelves full, here they have too much beef and largely because of the omicron surge as northwest meat company will tell us, basically everybody canceled reservations over the holidays and you have all this left over. >> the omicron surge happened, i lost a lot of reservations with customers. as a result, any of the product i purchased for holiday parties i'm sitting on and it's about 25 to $30,000. on the grocery side, you are wholesale, empty shelves down the meat aisle, extremely high prices. the president is blaming monopoly, what do you see? >> efficiency, how quickly you can dismantle the animal and process, and if you have thinks that hinder efficiency, trucking, spreading out people because of covid, you'll have higher prices. >> this is dry aging beef, soaking in bourbon, it smells absolutely delicious. they just need people to go back to restaurants and start enjoying it again. >> sandra: meat soaking in bourbon, did you just say that? >> right here. >> sandra: that's a fri

kelly o'grady has the very latest details from vernon, california. hi, kelly. reporter: hi, david.ew vaccine mandates they are threatening to make the supply chain crisis worse. last weekend, canada began preventing unvaccinated truckers from entering the country, tomorrow as you said the u.s. will start doing the same so this is really a double whammy. i want to break down what this means from a labor shortage and cost perspective for americans. we are seeing an 80,000 truck driver shortage in the u.s.. its been a major factor in those empty shelves. the current vaccination rate among u.s. truck drivers is 60% leaving nearly half of the workforce at risk with these mandates specifically at the border roughly 28,000 commercial drivers cross regularly if vaccination rates don't change half of those could be at risk of quitting or changing routes to address this carriers are shelling out money to compete for vaccinated drivers a number of canadian logistics companies are offering incentives from two grand to 10 grand which we think pass on to the consumer, and with the mandate hittin

kelly o'grady has a look at one of the fastest inventions headed our way.seen so many cool toys this week at ces. autonomous vehicles have been a big focal point. i want to bring in paul mitchell from energy systems network. they're the organizers of the indy autonomous challenge. what is this vehicle? >> in is the world's most most advanced fully autonomous race car. it can dry itself around race tracks right here at 150 miles an hour. >> tell me, what are the -- what is different about today? >> in october, we had a time trial competition. teams were just trying to get the top speed. for the first time ever, our cars will pass each other. two cars on the track at the same time trying to overtake each other. we have a lot of amazing teams from around the world. this car is from tii, one of the top teams. it's an amazing challenge. >> there you go, john. we'll see cool racing today. these here on the side, that is the lydar. they make sure they don't crash. >> these are the eyes of the car. >> back to you, john. >> john: wow. i remember a darpa autonomous v

kelly o'grady, live in los angeles, with a fox business exclusive, to tell us about a new company disruptingry industry with robotics. kelly, take it away. reporter: ashley i love the comparison to the "jetsons." i'm at serve robotics headquarters. i hear them coming up behind me. i have two robots zooming in, zoe and enzo. they are on the sidewalk doing food deliveries every single day. they're 95% on time. zero emissions. they don't call in sick with omicron which is pretty good. the big announcement the company just completed its first commercial, the first commercial delivery without humans in the loop. that is what is called l 4 autonomy. tesla is at l2. i want to bring the ceo in to tell us a little more about enzo. this guy, comes, delivers my food. here is what i expect. how does there work? >> quite simple. robot shows up. enter the codes. unlock and you can grab your food. reporter: owe perfect. m-cafe. i love m-cafe. i mentioned this happened without humans in the loop, first commercial delivery. how is that possible? >> level four is all about safety. these robots have a lot of r

kelly o'grady is in los angeles with that story, kelly? reporter: hi, david.has seen 160% increase in train robberies in this year alone and i want to show you some of the carnage behind me. the tracks are littered with designer purses, unused covid tests and i want to highlight these containers are coming from the ports so this doesn't just impact california but retailers and secures across the country. now big portion to blame is being laid at the feet of progressive crime policies. critics are questioning why the fbi and biden administration haven't gotten involved when this could worsen our supply chain crisis, and up is calling on la's district attorney to change special directive 20-07 which mandates the 13 types of misdemeanors will be dismissed. in a letter, they stated while we understand the well-intended goals of the social justice goals of the policy we need our justice to support partnership efforts to local law enforcement , hold these criminal s accountable and most important help protect our employees and the critical local and national rail ne

kelly o'grady live in los angeles with more on this. hi, kelly.: david, facebook is under scrutiny for censorship begin. they, when the company appealed the decision facebook doubled down and banned the business permanently. facebook that heroes of liberty violated the rules against lowe quality or public content, even though 95% of the advertisements ranked them facebook's quality core. after number of congress members, including ours highlighted the membership, the social meet yaw company is backtracking, a meta spokesperson that the account was disabled in error and has been restored. this lack of transparency can be damaging to small businesses that rely on the large database. on company of that the company's editor that the facebook's initial actions were anti-american. >> they said, here is our, here is all of our guidelines. you've been in error and we're cutting off your accounts. it is probably because the users are triggered by seeing conservative content float up on their ads. so they report it. and there are, there are woke people behi

kelly o'grady, inglewood, california, for us.e facilities there, he's going to make remarks on supply chains, manufacturing, union jobs, infrastructure. we are going to listen for the president. we are going to leave it there. thanks for joining us. >> good afternoon. i'm trace gallagher in for martha maccallum. this is "the story." pete hegseth, joe concha are standing by as police officers line the streets of new york city to mourn slain officer jason rivera, killed in the line of duty a week ago. >> we love you, please always protect us. big brother is very proud of you.

kelly o'grady, thank you so much for that. >>> well, from a possible streaming slowdown to a booming close out 2021. point bridge capital founder and ceo hal lambert joins me now. that 6.9% number was above expectations, and for the fourth quarter we saw 5.7% growth. it was the most growth or the fastest growth we've seen since 1984. so the market liked that. but you wouldn't expect that. we were coming out of a pandemic, and we were reopening the economy, right? if. >> yeah. i mean, it was a good number. the problem with the fourth quarter number is 70% of it was driven by inventory remennishment by businesses, so that's likely to not be repeated in the first quarter of this year which means you're going to expect a big drop in gdp going into 2022, and economists are expecting, you know, kind of 3.5, maybe as high as 4% gdp for '22, which is a big drop. and consumer spending is dropping. in fact, the savings rate has dropped, this quarter dropped from 9.5% to 7.5% on consumers. that's down from almost 14% at the end of last year. so consumers are spending, they're spending off their

kelli o'grady is in los angeles with more on that story. >> good to see you los angeles is set to becometrings attached no restrictions on how they can use that money in the program is aimed at adjusting the rampant poverty issue. one in five struggle with poverty and we have over 40000 homelessness in our city limits. the universal basic income goes beyond l.a. as many as 33 cities have similar programs in the u.s. including sacramento, pittsburgh and chicago under mayor lightfoot's budget proposal many of these programs are successful experiments but a small sample size and temporary nature with the benchmarks could be flushed one is guaranteeing a degree will shrink the labor force. a smaller labor force can slow economic output and tax revenues and especially down in los angeles the fear of expensive experiments don't address long-term equality but they motivate individuals from seeking employment. the handouts will be in addition to. welfare programs some economists worry the influx of cash will make inflation work. >> they do create disincentives to work because if you make a littl

kelly o'grady is there at the scene of the latest attack. ow. we have got a train rolling in, and this is one of the trains that these thieves hit, okay? these cargo containers, 17 last week tipped over. you can see packages littered everywhere, and i want to emphasize that this extends beyond california. this impacts interstate and international commerce because these packages are coming from our ports. these containers that you see are coming from the l.a. and long beach ports. union pacific saw a 160% increase last year, and the tracks are littered with everything from amazon packages and designer purses to unused covid tests. when covid tests don't reach their destination, that goes beyond monetary losses. this is impacting the nation as a whole. >> more impact to consumers, plus we're going to see costs go up. we have to pay more when coit -- when it comes to security. retailers taking a loss, you know, they're going to make the consumer whole, but ultimately prices are going to increase. >> reporter: now, union pacific and retail leader

into 2022 and likely not see a resolution until 2023, great reporting kellie thank you so much kelly o'gradyen remember right before christmas, when jen psaki said well we saved christmas. what exactly was she talking about. dagen: we should point out it was private businesses that saved christmas, for americans who shopped at those very stores because likes of walmart large retailers had hired their own additional ship for their own ship, to bring in goods. because they saw this problem coming early last year as recovering from the pandemic, not jen psaki. i also point out one of the reasons that you see store shelves bare major cities, because of shoplifting. the goods get stolen every time the -- if not locked up they get stolen. and a lot of the stores that i go into new york city they don't restock the stuff, because, again, never gets in the hands of consumers who are actually paying for those goods. maria: yeah, bob i never experience that had before last year where you go into a store nothing is on shelves it is pretty extraordinary. bob: painfully blunt here, this is an embarrassmen

kelly o'grady, what are you seeing? >> reporter: not much. it feels like groundhog day. the familiar strategy politicians used to sweep away evidence of the housing crisis but the california department of trepidation said safety is a reason. a fire pit had been dug in the people living there tapped into an electrical box and connect the two extension boards creating risk for a large fire. safety has been an issue super bowl or not. the situation shed light on the temporary nature of the solutions they are using as businesses are struggling with their livelihood because of this. >> it is rough for people to come by because they are scared. >> a lot of dirtiness here. a little cleanup. >> reporter: rather than finding permanent help for those who comprise the most vulnerable population these are quick fixes, transient handouts lose these cancer been here for years and will return once the attention fades. la residents, superficial focus on the crisis will shift even though this is a daily reality. when you add how extensive it is to live and work here is it surprising we s

electronics show kicks off in vegas, thousands of guests and vendors will be there despite covid cases, kelly o'gradyity candidates matching your job description. visit indeed.com/hire stuart: the giant consumer electronics show kicks off today despite the third in covid. i know some of the big tech guys pull out but who is there? >> reporter: number of folks that pulled out, google, meda, palatine, amazon. that creates opportunities for the spotlight to be on small innovative companies that are the future of technical one for you. i want to bring in the ceo of video window. what are we looking at here? what is so special about this window? >> you are looking at the future of glare control being able to do that superfast and do that gradual. a lot of pixels, you can also show video content for glare control. it is the active layer that controls the transparency of your glass. here we have third-party content but we can also create our own content, we have flowers, trees, glare control so that's technology, art and nature combined, for the experience in the terminal, and what we can save on the climat

kelly o'grady is at the port in los angeles.tary buttigieg going to make his first visit there today or tomorrow? >> today he is. secretary buttigieg is expected to tout the administration's efforts to alleviate that but as of yesterday, 105 were loitering in the harbor as was those islands further out, 18% higher than one of the peaks in november and that hovers near record high. it starts opposition to celebrating improvements. these problems are impacting stores across america. you mentioned bear shelves biden trending on twitter, empty grocery and pharmacy shelves, when issue causing these challenges, omicron and great resignation are creating labor shortages, winter weather, and secretary buttigieg is expected to highlight investment on the infrastructure bell like a support facility but those are long-term solutions, businesses and consumers are looking for change now and with challenges living in asia we could be seeing more short-term pain. stuart: china factories before the chinese new year, important holiday. in additi

journey thank you quick break next time you order takeout meal may not be delivered by humans kelly o'gradyth robotics kelly, good morning to you. >> good morning, maria. this is a fun one introduce you to brent, brent say hi. >> right -- you see down schwabing navigating between humans crossing intersections, by himself favor dinner from the favorite italian restaurant what doing everyday with fleet, just days ago conceded first commercial l4 autonomous deliver operates without a human in loop unless it is crossing the street or calls back to hq for help a milestone in the industry likes of amazon fedex have not yet achieved on a commercial front on top of that produces zero emissions 95%, on time, doesn't call in sick, so i want to bring in the ceo of serv, hi katie, how do i get my contact -- >> all you have to do enter code on screen, you can unlock, grab your food. >> wow, okay. that is -- great during pandemic, right, we're seeing labor shortage talking about this companies struggling with that how do autonomous robots, help companies, will be that challenge as well as keep costs down

kelli o'grady has a story.guy bought a fanny pack so that feels a little bit more sensible. $100 billion in 2 trillion from the cares act, that is nearly 5% so we dug into the crimes and i want to highlight examples the largest was 35 million recording artist diamond blue smith pleaded guilty to file 79 fraudulent ppp apps with the proceeds to make luxury purchases including a ferrari for $96000 in addition to the car he obtained over 1 million and ppp. olympic bronze medalist received 10 million per company she had between 105 - 430 employees on different filings while the indictment alleges she had none some of the movie starring elijah wood with ted bundy and vitally the incredibly apocalyptic bella and a team of others were accused of submitting fraudulent ppp application seeking 14 million the team distribute proceeds to bake across across the world, luxury jet and as people they in hospital beds many criminals obtain a million dollars each for more settle claims like early withdrawals from 401ks to more o

kelli o'grady in los angeles. >> it could mean more crashing crypto is liquid gold but the volatilityn last year alone in the upside is huge but it's a reason for buying crypto because it's going up you get to get nervous and sell when you see a dip living regulation has many investors spooked countries around the world are clamping down on currency and money laundering, tax evasion and instability the irs has urged el salvador to drop as legal tender and remove incentives to adopt crypto in the u.s. the volatility is fueling the urgency for regulation the biden administration will release an executive action passing federal agencies with digital assets as a matter of national security additionally a central bank digital currency is being floated after the federal reserve evaluated the benefits i recently spoke with the crypto investor and chairman, he told me his biggest fear that governmental officials defined in those regulations are not educated about the space crypto advocates last week america compete active 2022 when he and the treasury secretary to forbid access and the propos

kelly o'grady from our sister network fox business is live at ces with a look at the best and brightestmpanies hungry to share their latest innovations. doors open in a couple of hours but i want to show you some cool products that i saw this week. you've heard of nascar racing. now we have drone racing. it's high speed, lots of crashes and unlike other sports the 75 million fan base shows up primarily for their love of technology. another big thing is autonomous tech. i took a ride in a driverless vehicle. it's ready to hit the road right now. bobcat latched onto the theme and showcase and all electric tractor controlled right from your phone, which is kind of crazy. think about the applications, what that person can be doing instead of being in the tractor. even a robotic drum set. imagine that playing at your next party, right? finally they shared a virtual tech that surgeons use to model different scenarios and shows how tech is saving lives. beyond late stage inventions they show how important ces is critical to the community. >> all of our customers are working on the next generat