there any signals investors are missing and they should watch, fox contributor founder and ceo robert wolf is here with me now. robert, obviously you are knee-deep in the stock market when you ran ubs america, how do you see this. >> you the best backstop there ever is, the fed talent sheet and he does not like where the market is and is very nervous in the post pandemic environment until he sees a continuity he is nervous about one and five small businesses closing so you will have an easy monetary policy he's not worried about inflation irrespective of what larry recently said. on the other side you have a large relief package, that combination with a big savings in america today is going to be continuing in the stockmarket. liz: do you think robert the joe biden will go with this alone and when you say alone i mean just for the democrats, that's been the chatter and it appears right now that the republicans are complaining that they are not being part of this, their leading them into be a part of this discussion which was joe biden's big push for president. >> as you know we've been spe

bit more with our powerhouse friday panel steve forbes who ran for president as a republican, and robert wolf, the former ubs america's chairman who advised the former democratic president and barack obama and robert i'll give you the first crack at this. you heard edward and blake did a nice job of laying out both sides of the argument on capitol hill. the white house, and republicans versus democrats. does the package, this relief package, need to be this big? 1.9 trillion rather than more targeted, what's your view? >> well first of all, bigger is better. today's numbers were absolutely brutal, especially the revisions , and not to go in all the detail, but they are still north of 10 million people that don't have jobs since the pandemic, and so listen, i don't think it'll end up being 1.9 trillion. it certainly is going to be much much bigger than the 600 billion that the 10 moderate gop'ers brought to the white house, i think my gut tells me it will be somewhere around the 1.5 trillion level, and it's going to be more target ed on who gets the direct payments. my gut tells me that it won

robert wolf is also standing by. >> sandra: hot team coverage, mike emanuel on the hill, mike tobin andezing cold chicago. >> john: peter doocy joining us from the north lawn. >> good afternoon. it's only been a few weeks since president-elect, at the time, biden promised checks for people who are hurting the covid pandemic. even though that hasn't happened yet, house democrats up the street are beginning to roll out or preparing to roll out a proposal for $3,000 checks for families and need below a certain threshold. that would be $3,000 per year, per child, or a one year payment spread out. i asked the president about this a few minutes ago. >> the president talked about this on the campaign trail and the importance of credits to help working families and ensure they can make it, this proposal is emergency funding. it's a central priority of the first legislative proposal to cut it in half. and that is why they included the child tax credit. that's emergency funding and something that will help people get through this. >> no price tag on it yet, but they publish something that's forth

we had a pretty interesting conversation with robert wolf, former head of upf america also a staunchyne on sat with me as well. and obviously the was taken the side of the little guy. they showed 100% be able to get in there and drive up the price of this stock in the way that they want to. they need to be able to get involved. and we hear and understand that side. but there is a lot of different aspects to this story. what is missing from it? what do you want to add to it? >> what is missing is the need for capital on firms such as robin hood who have capital requirements that they must meet both the s cc and to their clearing firms with the clearing corporations. if you are allowing somebody to buy stock without any limitation whatsoever or more importantly to buy options, the options dealer that sells you that option has to hedge that position without getting two extra cherries. >> sandra: let me tell you what charles payne said back-to-back it, because we had this discussion. and he said, robin hood raised the necessary money the next day. he said that they could have done that i

robert wolf says " if your income has not been affected by this lockdown, you do not need it."stimulus checks should be for enough money to affect is substantial benefit to a family or individual. $1400 is not enough for -- $1000 is not enough for people in need. a bigger stimulus check is needed." the choice right now for the biden administration is whether to go ahead on democratic support alone and whether they think they can hold all 50 democrats in the senate together or to go with that bipartisan plan, the gang of 10 plan, get the republican senators on board end layer that 60 boat -- and clearer that 60 vote threat -- and clear that 60 vote threshold. " republican senators should stay -- this from gerald in the wall street journal -- he writes in his column that the republican proposal leaves the president standing between his two main opening-round promises to take fast action on the coronavirus and foster more bipartisanship. in washington we will see where the choice comes down by the end of this week. gloria is next in hammond, indiana on the line for those who make

roberts. and this time we'll have chief justice patrick leahy presiding. so there are things different with this impeachment trial. >> they need 67 votes to convict, 6 votes, a tall order. pamela brown, thanks so much. wolf? >> a very tall order, indeed. the house impeachment managers will use video footage to make the case that then-president trump incited the violent insurrection on capitol hill on january 6. the nine house democrats serving as impeachment managers were selected by the house speaker nancy pelosi, and the group plans to push back on the trump legal defense team and senate republicans who argue that putting a former president on trial is unconstitutional. the group will also cite trump's months-long campaign alleging widespread election fraud as the cause of the deadly riot. our chief congressional correspondent manu raju is on capitol hill. will we find out today, manu, if the managers intend to call witnesses? >> reporter: that is still an open question, wolf. i am told by multiple democrats that one reason why they have not said whether they are going to call witnesses, they are preserving that option in case trump's team has said something that requires them to call witnesses to rebu