mike: that would be the suggestion, that lael brainard would be favored.the only democrat on the board. there are two openings at the president has been trying to fill, so maybe a counterweight to that possibility, and the fact that she has an extremely strong background at the federal reserve. partly in charge of the pandemic response, so they want to keep her at the board right now. she was mentioned as one of the favorite to become treasury secretary, served as an assistant deputy secretary in charge of international affairs at one point, but it looks like, according to this information, she will stay at the fed. that would probably make janet yellen the favorite for the treasury job. vonnie: interesting that her name has come up in the sense of having been asked to stay. it would seem the pendulum has swung toward janet yellen on reflection. that, thatve heard janet yellen has emerged as the of joe biden, so that he would have somebody that is acceptable to all wings of the democratic party. yellen is seen as the most acceptable to everyone. , theer, t

eric: i'll put your bingo card on lael brainard and we'll talk later in the week.s is interesting people don't think about if she is picked, charlie baker governor of massachusetts is to point her successor in charlie baker is a republican, is that a potential block to elizabeth warren besides other consideration. >> it has to be for this president-elect, he absolutely does not want to risk losing support in the senate, that said he no doubt want support from senator warren and she ended up being a key supporter of his after the primaries. just the fact that she is in discussion and senator sanders is in discussion for potential cabinet post makes sense. but for sure that hiccup of what might happen to her seat is one that is probably much more than a hiccup in their considerations. eric: speaking of senator sanders, it's talk about him being labor secretary, what kind of influence do you think he has, does aoc have in the press enter progressive wing on spring clean the cabinet with a leftward progressives? >> i think former vice president biden, now president-ele

liz: who treasury is going to be headed by is a big one, lael brainard, she served as treasury undersecretary under timothy gardner, i look at that, i believe it was him, i'm not 100% sure but under president obama, will be watching all of this and we shall see what happens, we shall see the best person for the job, leave out the politics, keep dreaming list that'll never happen. thank you very much, hillary vaughn, we appreciate your perspective and insight. we have a debate going on, i'm sure in your household, many american households across the country right now, together were not together together for thanksgiving. the cdc very clearly making its choice advising americans not to travel during the upcoming holiday, that message echoed today by florida senator rick scott who tested positive this morning for covid-19, the former florida governor republican saying as we approach thanksgiving, we know this holiday will be different this year but listen to public health officials and follow their guidance. of course thanksgiving often marks under normal conditions the time were many book chris

the reporting yesterday started with lael brainard being asked to stay on the fed.things started to move, and we started to realize this is a done deal now. janet yellen said to get the nod. in 2022, the term is up for jay powell. how are you think about a 2022 fed with potentially a chair brainard? michael: i think it is a little early to say in this sense. we don't know what jay powell wants to do. and what kind of job is he going to be doing between now and then? are the markets going to demand he be reappointed? i don't think joe biden is just going to get rid of somebody for the sake of getting rid of somebody, but if powell is lukewarm about staying on, then you've got lael brainard and waiting. she is a democrat. one of the issues is less the idea of her becoming chair as if she were to leave, to become the treasury secretary, then you've got to replace her on the board. she's the only democrat there now. would mitch mcconnell even let you fill that seat? would they be down three? with the republicans block and a from coming onto the board. julia coronado is

but it makes you wonder what lael brainard, vice chair of the federal reserve, what perhaps biden may have in store for her. she is also a very strong candidate on many levels and had been the undersecretary of the treasury under president obama. all right. hillary, thank you very much for the update. hillary vaughn. >>> check the dow jones industrials. we are still up about 359 points. >>> drug distributors mckesson and thermo-fisher have seen quite the runup on the prospect that they will be key in getting covid-19 vaccines to end users. then there's this secret weapon for vaccine distribution. autonomous vehicle trucking company gatik. the company makes autonomous vehicle software and sensors which is upfits to four transit box trucks. the original plan was to deliver groceries, things that need to be frozen or chilled temperatures but gatik is ready to pivot and fast. the ceo of gatik joins us in a fox business exclusive. great to have you. all right. pre-pandemic, you entered a deal with walmart and with a canadian super-store chain. describe the business plan you had before the

but lael brainard would be great.ous on some of the stances she's taken against the mainstream of the fed on deregulation they've been doing. she would be very strong as well. i would love it with all due respect to roger ferguson, i would love to see this become the first woman secretary of treasury as a former treasury official myself. fingers crossed for a woman. i would have to give the odds to janet yellen at this point. >> let me ask you about the role of the treasury secretary other than signing money. there are important things that the treasury secretary has to do in normal times but in this particular time where we've not had an extension of the relief bill and it's stuck in the republican controlled senate, the role we are seeing treasury secretary mnuchin play is he's in negotiations with nancy pelosi to come up with a deal. whether you like him or not, that is now a key role of the next treasury secretary. they're going to be in negotiations with congress, both the house and with the republican controlled

i think if i was to bed again, lael brainard gets treasury, ferguson gets in d.c., and those are goodhoices. not out of the mainstream choices. >> neil: steve mnuchin, who has been with the president form the very beginning, the only treasury secretary. >> that is a great point because you would think of any position that is a burn opposition, it's usually the treasury secretary, and administrations that don't have much turnover. obama went through -- he had jack. it's a burnout job, so it's remarkable that steven mnuchin lasted as long as he did. >> neil: all right, my friend, have a safe weekend. the best in the business by far. also want to let you know right now about the travel plans -- even though they are being urged to stay home, 15 million are ignoring that, and a good many are coming to your house. maybe you haven't broken the news to them that local governors and mayors are telling you that you can't have any more than ten people at your house. what are you going to do about the 20 that are on your way? after this. e so you only pay for what you need? really? i didn't-- aah

if the new treasury secretary is lael brainard, she comes from the fed. there should not be any reason the fed and treasuries square off and i am not sure what the fed's answer to secretary mnuchin's request is going to be but i don't think it -- do not think they are going to take it attack on them. the money is there not being used and there is a need in the country. it has been talked about for a while. these remember when programs were first launched and there is some -- and there was some question as to whether the fed needed the treasury's participation. fedheory, could the establish some of its own emergency lending programs without participation, without that equity buffer from the treasury and potentially create some continuity in the market even if the treasury wants to pull it back? >> they can do it to a certain extent but after the financial crisis, a lot of their emergency lending powers were curved. theory, it is not supposed to lose money on any of its deals. the participation of the treasury was to take the first bunch of losses. if they

ars news has learned one of the bop contenders is federal reserve board governor lael brainard.re is also former federal reserve chair janet yellen. as for secretary of state, the president-elect's top foreign policy advisor tony blinken is a front-runner, and former susansador to the u.n. susan rice remains in t rice remains in the mix. -ele of the president-elect's former democratic rivals, like eg a buttigieg and bernie sanders, are also vying for top posts. posts. whoeve whoever the president-elect names could face more hurdles. transition aides point out that they can't get background checks until the general services administration recognizes the president-elect. jamie? >> yuccas: nikole killion in wilmington, delaware, thank you. the spike in covid outbreaks is forcing several smithsonian museums in washington d.c. to close again, indefinitely. that includes the national zoo. today was the last day to stop by in-person, so it is back to virtual visits for now. usually we're told never to feed wild animals, but officials in canada's jasper national park have a different me

very successful in her capacity to be able to speak empathetically to orkets and to the public, lael brainard she doesn't go to the treasury. if it is not jay powell, it is likely to be someone that markets, investors are familiar with and broadly comfortable with. alix: to broaden it out a little bit, we were talking about the move in yields in the u.s. you are also seeing a much more tempered move in europe. nevertheless, still strong buying coming in all across. what is the effect of this volatility in the treasury market on other markets, particularly in europe, as all countries are dealing with the uncertain as to who is going to lead the country? my experience working with foreign investors and foreign officials is that when the united states is in a place where we are trying to implore -- trying to explore political uncertainties, if the uncertainties from their perspective seem greatly amplified, trying to figure it out from europe or from asia is almost impossible. i think what you are seeing in the rest of the world is they are waiting to see how these uncertainties, particularly re

if you look beyond the names we are hearing for treasury, lael brainard is what i have been hearing overhe past few weeks. lisa: tony blinken is a centrist. so far, the people tapped i the biden camp seem to lean center. how much pushback is there from the democratic progressive wing? kevin: based upon the conversations i've had for the past couple of weeks, they are less likely to pressure state department choices than they are for labor secretary or for their issei treasury secretary, or commerce. there is going to be a clear opportunity for progressives to try to make sure that they have some impact not just on those agencies that i listed, but also maybe even energy, and i think that is where the fight is going to play out. but if you look at some of the campaign statements, all of them spoke critically of china. tony blinken has a history of not just aggressive rhetoric, but really trying to hold china accountable, and forming a broader coalition to do so. lisa: there's a lot of focus on mitch mcconnell and his role here. he is one of the republicans who has not come out and said pr

we were talking about lael brainard.hat went very quiet, which makes me wonder whether or not brainerd is being lined up as the replacement for powell. are we looking the wrong way here? art: you know what? i don't think the incoming administration would like to make any big changes. jay powell has done a fantastic job of staying out in front of this. he's been the most vocal of anybody during this pandemic as to what the economy needs to recover. clearly appears to be the winston churchill of this time for us, and at this point in time, where we are in this recovery, i would be shocked to see a change at the chairmanship of the fed. i am wondering in terms of dollar policy or implicit understanding of the dollar, is it going to be back to a stronger dollar world now? it is easy enough to say that we are in a strong dollar policy world, but it is harder to orchestrate that in the market environment. if we are to look at the things that would drive strength in the dollar, part of that would be the need for a harbor of saf

we know that one of the top contenders for that job has been lael brainard and he could name his secretary of state as soon as this week. those are posts we'll be watching in the coming days. even as biden is preparing to name his first cabinet picks, his transition team is acknowledging that there is one element of these nominations that is complicated by the fact that the gsa has not ascertained biden as the winner and that's the fbi background checks that must be conducted on some of these nominees in order for the senate confirmation process to move forward. take a listen to what one of biden's transition advisers had to say on that topic earlier today. >> a key part of getting that group of individuals confirmed is fbi background checks. fbi background checks cannot happen unless there's ascertainment. i expect not just democrats but republicans to be outraged they won't have that information. it could takes weeks for that to happen. that's another pressure point we'll see in the coming days. >> reporter: that's one of several issues that the biden transition team is currently limited

we have reporting to suggest that lael brainard is one of the front-runners.nd putting the steps in place even as the administration is trying to disrupt the process as much as possible. victor and amara. >> rebecca buck, thank you. >>> the coronavirus pandemic has exacerbated food insecurity. thousands are turning to food banks. you see the lines here. this is the first time for so many. and covid relief programs are soon going to expire. >>> plus, president-elect biden's margin of victory is growing as president trump's legal challenges continue to fizzle in court. what more can he do to delay the inevitable? we'll discuss with an election law expert. man 1 vo: proof of less joint pain woman 1 oc: this is my body of proof. and clearer skin. man 2 vo: proof that i can fight psoriatic arthritis... woman 2 vo: ...with humira. woman 3 vo: humira targets and blocks a specific source of inflammation that contributes to both joint and skin symptoms. it's proven to help relieve pain, stop further irreversible joint damage, and clear skin in many adults. humira is th

the other question is what it who isor lael brainard, reportedly in the running for treasury secretarydo you think something like that is enough to do something like extend all of these programs past december, things like definitely getting some kind of stimulus done? handsstimulus is in the of the congress, but extending the liquidity facility past december, i don't see why steve hasn't let that go for one millisecond, but apparently he is. i don't think there will be any hesitation. it is borderline crazy to stop those now. guy: ok. why is that? what do you expect from the economy between now and january? we saw today with the retail sales number an indication perhaps that the covid restrictions have started to have an effect, and that is being done at a time when we don't have that stimulus that we did have earlier on in the year. how bad could those sorts of numbers get between now and the end of the year? alan: we don't know, but they could get very bad if we don't have another tactic. i don't think it is covid restrictions doing it. it is the voluntary actions of people who don't

he has not given a name just yet, but one of the leader contenders for that job is lael brainard of the federal reserve. there is also a chance that biden could announce his secretary of state as soon as this week. and there have been quite a few contenders under consideration there, including tony blinken, susan rice, and senator chris coons. but biden's team is also warning that there is one element of their nomination and confirmation process that is jeopardized by the fact that the gsa administrator has not ascertained biden as president-elect, and that is fbi background checks. they cannot be conducted on these nominees, and that is a critical component as these nominees will start going through the senate confirmation process. today, you also herd biden's team keeping up their public pressure campaign on the gsa to ascertain the election. take a listen to what one of biden's advisers said. >> litigation is not a panacea. it is not going to suddenly move things forward. what will move things forward is the gsa administrator signing the piece of paper. the statute says it is her obl

adviser, as well as senator chris coons, and susan rice, you look at former treasury undersecretary lael brainard, janet yellin. outgoing ceo of a defense fund. biden could make history if he will select the person we all have heard as the most likely contender here, michelle florinoy, tammy duckworth, on the vice presidential list over the summer, angusking. if you look at health and human services, one of the most important agencies given the ongo i ongoing pandemic and the role this agency will play in the potential disemnation of a vaccine you start seeing names like new mexico governor, raul ruiz as well as california congresswoman karen bass, another woman who was strongly vetted during the vice presidential picks period over the summer, as well as dr. murthy, who is heading up right now the covid task force. the thing i kept saying to you there, a lot of names being bandied about right now are names we heard a lot about over the summer. that's why when biden said he was going to select a woman in doing so, he elevated so many more names of women in the party who are capable, who are qualif

actually chosen who he wants to be his treasury secretary, a few names that we're hearing put about, lael brainard, who's an economist, and who was also a treasury under secretary as well as roger ferguson who was on the federal reserve board. he recently resigned as ceo. so a lot of speculation if we're going to see that announcement soon and if those are some of the names we could see. really, the time line that we're on is at or around thanksgiving to start hearing these names officially put forward. we've seen some deadlines come and go. these things really are shifting sands in biden world, at least from a planning perspective, we're expecting to see them at some point in the coming days and even a week from now, alicia. >> ali vitali, no season like speculation season. thank you for being with us. for more, let's bring in grace panetta, a business insider, senior politics reporter and alexei is an axios political reporter and msnbc contributor. good to see you both. grace, i want to start with you. we have the biden team doing what it can to act around the constraints that are imposed by emi

so why do you have yellen as opposed to lael brainard? well, she knows all the players. deal with gop senators. she might be able to call a few and get them to change. but even more than that, this is a play that they believe that fiscal policy that biden ran on, particularly stimulus in a covid -- in an economy that's still hampered by covid, is not going to come out of this, is not going to be approved by the senate. therefore, you need monetary stimulus. therefore, you need somebody with heft like yellen, the former fed chair, who can call up powell and say do more, please, and he probably will listen. so at least that's the game plan, from what i hear. there's, you know, two reasons. she's the former fed chair, she's going to jawbone for more monetary stimulus and she could also negotiate with gop senators who are going to be very reluctant if the senate stays republican, for them to do all the things biden ran on, including tax increases. those are probably off the table if the gop gets one of the two senate seats and again, i'm not a pollster, i haven't seen the la

federal reserve governor lael brainard and former federal reserve chair janet yellen and senator elizabethes' top pick but picking her would mean democrats would give up another seat in the senate. so senator bernie sanders is assuring the biden team his republican governor would fill his seat with someone who would caucus with the democrats and is warning them not to pass over progressives when filling out their cabinet, telling the a.p. this. quote, it would be, for example, enormo enormously insulting if biden put together a team of rivals which might include republicans and conservative democrats, but which ignored the progressive community. senator bernie sanders has been very up front and open that he wants the gig as labor secretary, but yesterday when biden was asked by fox news' peter doocy if there was a place for sanders in his cabinet, he heard the question but refused to answer. neil? neil: interesting. hillary vaughn. wonder to her point why a republican governor would entertain appointing a democrat to replace bernie sanders if he got picked to be labor secretary, or the rep

the two major candidates were lael brainard, fed governor, roger ferguson, who just resigned from tia so you probably know he's going somewhere in the administration and as a dark horse, janet yellen. janet yellen as a dark horse, as susan reported and other people reported, and according to every wall street source that i have right now, are hearing things, okay, they don't have the exact leak just yet because apparently, you can't do fbi background checks right now, because trump hasn't -- the president hasn't conceded so you know, it hasn't leaked out in a major way, but the thinking now is that it's yellen. why is it yellen? well, simply because she's the type of person that could unite both the progressive wing of the democratic party and wall street kind of likes her because she's a known quantity. she ran the fed as you know, so she had to deal with all the major bank ceos. so essentially, that's where we are right now. it looks like it's yellen to thread that needle. the positive news for wall street and business community in general is that it doesn't look like elizabeth warr

federal reserve vice chairman he roger ferguson alan greenspan's number two as top pick, others lael brainardhair janet yellen cowen and company reported two weeks ago i brought it to viewers at that time. >> the election fraud rudy giuliani alleging widespread election fraud did so yesterday at press conference saying number of flawed ballots is more than double the margin joe biden won in key states campaign alleges the following number one observers prevented from strewing mail-in ballots, officials told not to look for ballot defects backdate mail-in votes, the non voting as much as in multiple states have ties to venezuelan government both could understand overseas dominion responded saying latest flood of ab surtees deeply concerning a nonpartisan company with notize to venezuelaor cuba both could understand by state election firms not dominion or if i other technology company joining me attorney for president trump jenna ellis greet tough you thanks very much being back here we really want to get to evidence that team trump has what you will be present to go courts you said yesterday w