there's also work with steve daines on a bipartisan bill as well it will need both parties to pass andcconnell said he'll consider it. he does not own individual stocks, either, however, his wife, former cabinet secretary elaine chao does have a significant steak in wells fargo when she served on the board of directors. many of the existing proposals would cover spouses and independents as well back over to you. >> yeah, but we're talking about secretary chao, we're not talking about banning owning stocks if you have stocks you inherited or you're on a board, you're not trading them, but owning them for years or decades, would that still be allowed >> so it depends on what your definition of owning actually is so there's a spectrum here. >> okay. a timeline. >> you could still hold the stocks but you couldn't sell them while you're in office. other bills require you to put them in a blind trust so you still have them but you don't know what's going on with them and this new bill from senator warren and senator steve daines wouldn't allow you to own them at all, even if it's in a blind

we should say senator steve daines is going to be joining us in the 8:00 a.m. hour. in the u.s. and this shows just how quickly the tesla model "y" hasgained ground on its competitors in a highly competitive state. take a look at the final sales figures, and this comes from the california new car dealers association. they put this out every quarter. these are the year end numbers, best selling vehicles in california, look at the model "y," just barely behind the toyota camry people out there aremore prone to buying electric vehicles. it has been less than 2 years, less than 2 years since tesla began delivering model "y"s in the state of california. now in less than two years, it become the second vehicle and tesla, by the way, is now th fifth most popular auto brand in california no doubt, california where they had the free modfactory has been key to tesla's sale growth over the last several years if you look at their sales for last year that 936,000 12.6% o it were deliveries to state of california and what that market represents that has actually come down, and yet

joining me republican senator steve daines of montana.n come together on this? were you guys at a luncheon somewhere and caught each other's eye? hey, we should ban stock trading. it seems like an odd pairing to me? >> not often a democrat from massachusetts, a republican from montana pairing together to try to solve a problem but here we go. look it, here is the reality, the american people have lost trust and confidence in congress, i think approval rating of congress is something lower than getting a root canal. we're trying to establish public service. we're here not to be served but to serve, to restore faith and confidence in congress and elected officials. so what we're looking at here is finding away to ban the trading of individual stocks by members of congress. charles: yeah. >> it's a bipartisan agreement. we worked together on this. there is no perfect solution. we want to find a bipartisan way forward here to restore some faith what is going on here in washington, d.c. charles: right. i would say the big bulk option buys that

home more money the ban on congressional ownership from democratic senator elizabeth warren and steve dainesembers of congress and their spouses from owning or trading individual stocks, bonds, and securities. they would also not be allowed to take part in things like hedge funds. but they could put money in mutual funds and other widely held investments and here's the thing. the proposal would require members to either sell off individual stocks or convert them to broad based investments. they would then defer capital gains taxes until they sold those new assets or investments. for example, the executive branch already has a capital gains deferral, and the "new york post" says in 2006, when hank paulson quit as ceo of goldman sachs to become treasury secretary under george w. bush he saved about $200 million in capital gains taxes. and wealthy members of congress like nancy pelosi and her husband paul pelosi who owns a venture capital firm would also stand to gain millions and millions and, by the way, if congress members die before the assets are sold, their heirs would pay zero capital ga

republican finance committee, senator steve daines.h be involved in this? >> well, look, americans have lost trust in so many institutions, including congress. they're losing trust in their government. you look at the approval rating of congress, they are some of the lowest ever. i think a root canal is more favorable than congress so something has got to be done. and we need to restore the trust of the american people in this institution. when you're elected to serving congress, you're elected to serve not to be served. the american people see what's going on, and some of the things going on on capitol hill and that's why if a republican from montana, a democrat from massachusetts who are working together. edward: wow. >> with this ban on trading individual stocks and keep in mind, your own fox poll that came out recently said 70% of the american people support this. and by the way, it doesn't matter whether you're a democrat or republican, the number is about the same, 70% of the american people, they want to see something done here.

senator steve daines introducing legislation barring migrants with arrest warrants to aboard planes saying equipment "it is simple. an illegal immigrant represents their own arrest warrant as an i.d., they should be immediately arrested and not cleared by tsa to hop on a plane to the usa." this is beyond outrageous. this is a threat to the national security and it must be stopped immediately." finally, todd and ashley as you mentioned illegal immigrants accused of killing a woman and a hit-and-run crash in november 2020 is no longer facing deportation after dhs secretary alejandro mayorkas with removal of the family of that woman will be with you with guys in the next hour. and we will see what they have to say, todd and ashley. >> todd: an absolute shame, just a tragedy. we appreciated, del rio border agency encountering 1800 migrants over the weekend including another 75 unaccompanied children. agents also apprehending seven criminals and stopping 16 smuggling attempts. jason owen's tweeting "criminals don't take days off and neither do we." this comes on cdp apprehending 135,000 migrant

it comes from democratic senators elizabeth warren and debbie stabenow and republicans steve daines andblackburn, four people i would not have put together on my own. it not only bans trading in congress but prevents politicians from owning stocks at all. >> when elected you're here to serve the people, not the elite. and this i think is a step forward, important step forward to restore the faith and trust of the american people in this institution. >> reporter: another idea gaining momentum comes from democratic senator jon ossoff. he wants lawmakers to put their assets in a blind trust or forfeit their calories ossoff is part of a working group in the senate that's trying to come up with a unified approach he said he hopes to have bill text ready soon. >> the bottom line is we have come a long way in a month from this being called a fool's errand to now being at the top of the legislative agenda and we should be able to hammer this out without spending too much time agonizing over it this is not a highly complex area of law. >> reporter: one open question, whether any new rules would

now senators elizabeth warren, steve daines, they introduced a bipartisan bill to ban members of congressstocks. we'll stay on that story. biden's approval rating crashed through the 40% threshold in real clear average. inflation is an issue. white house saying no to ramping up u.s. oil production and gas production. inflation at 40 year highs. listen to this from representative jim jordan. he almost hit the ceiling when he he heard ro khanna, attacked oil companies as gas hits multiyear highs. >> you don't have to, you know, question anyone's intentions. his intentions were clear he said to the ceo of chevron, are you embarrassed as an american company that your production is going up. to me that is one of the craziest questions i ever heard ask the ceo of a company are you embarrassed that you're making more of your product and selling more of your product? i thought that is what you're supposed to do. i don't think it's a questioning their intentions. their intentions are clear of the they want to destroy the oil and gas industry in this country and they want to continue to drive up th

now today gop senator steve daines and elizabeth warren will unveil a bill banning lawmakers from trading stocks and owning them, even in a blind trust. this is the first bipartisan bill senate. it takes a harder line than other proposals in the works yesterday chuck schumer said he believes in a ban. i'm told he asked half a dozen democrats to come up with a unified approach to that problem. that includes senator warren along with snairn brown who has stopped trading bills of their own. nancy pelosi's support is going to be crucial. this shift in her position is a reflection of how vocal her members have been. she'll beholding a press conference later on this morning and we'll be watching. back to you. >> we'll be watching you've been all over this. i'm going ask, it's probably a ch cheating question here, it's been a dynamic at play for so long we've seen the upward around judges, as well. and seeing increased around lawmakers. i mean, the timing can we discount the timing the fact we're coming into midterm elections? >> well, sort of cleaning up washington a is a popular theme ahead of