tv Cavuto Coast to Coast FOX Business March 15, 2021 12:00pm-2:00pm EDT
♪. stuart: we're showing you these airlines because it is the theme of the day. we're traveling more. america is opening up rapidly. there is a new positive tone to our society as we open up from negative to positive. that is the direction. jackie deangelis in for neil these days. it is yours exthank you so much. welcome to "coast to coast." i'm jackie deangelis in for neil cavuto today. we have a jam-packed show. starting in california where indoor dining is back in los angeles after a year of struggles with lockdowns and restrictions. we're talking to two business owners going viral over their efforts to shine a spotlight on the governor's hypocrisy. then of course to the southern border where the biden administration is now directing fema to help shelter migrant children crossing the border.
why the head of the national border patrol council is now sounding the alarm on the latest migrant surge. in our nation's capital where the white house is now suggesting that a wealth tax could be on the table to pay for the administration's build back better agenda. our market pros weigh in how wall street would react to such a wealth tax. one of the top stories that we're watching today, the reopening of america. los angeles county, pardon me, is the latest to lift covid restrictions. indoor dining resuming at 25% capacity. fox business's connell mcshane is in california talking with businesses trying to recover from the governor's lockdown there. connell, nice to see you. >> reporter: very good to see you, jackie. it has been a long winter here in los angeles. things have certainly been improving lately. look at weekly covid cases topped 100,000 a couple months ago. that number about 10,000. we're getting better.
the government is finally coming around as well. it took them until today to finally ease up on some restrictions that have been in place. for us checking back with small business owners, some by the way who you may recognize, we found the boiling point for them was reached a learning time ago. people who never considered themselves be it any way political now on something of a mission. angela marsden moved to los angeles to pursue acting. enended up owning a bar in sherman oaks, the pineapple bar and grill. she never considered herself political until she went viral. >> this is slap in my face. >> reporter: angela was planning to issue her employees their last paycheck, her hand forced by the lockdowns, when she was shocked to discover a movie production crew set up a outdoor dining area next to her patio
was closed. >> if you can imagine to give last paychecks, bags of food to my employees right before christmas. i had to drive through that and see that. >> reporter: she has become a spokesperson of sorts for small business owners this state. brian avery knows the feeling. his brewery came to or attention after a health inspector appeared to start dancing after she wrongfully forced him to close. brian says the one size fits all policies in the region have backfired in his mind. >> you can't fully shut down and hire sectors of industry, force people out into unemployment, long-term furloughs without a substantial plan to replace the income they just lost. that to me is absolutely unacceptable. >> reporter: all of this coming together in the effort to recall california's governor gavin newsom with angela leading the charge to collect signatures. there is real momentum. organizers claim to have over
two million names signed. that is more than enough to force an election if verified. meantime business continues where it can. it continues today in a way you finally get a little progress in the likes of angela and brian. 25%, capacity, jackie for the indoor dining. that is where things stand when they open doors here this afternoon. it has been a long time in coming. jackie: sure has. a whole year, connell. i look new york city here where the capacity is still limited. we were very late to the game. i talk to restaurant owners all the time here who are saying it is still not enough. we need to get it even higher what do you hear there even as we're starting at 25%? >> reporter: definitely the same kind of feeling here. you're not making a profit at 25% almost any restaurant unless you make up for it in outdoor dining or take-out. that is very difficult to do. pretty much what we're hearing from the people we spoke to here that they're glad they're finally moving in this direction.
they realize it's a long way go go. it is a long way to go. it is not overly optimistic for these restaurant owners. they have cautious optimism. brian, for example, you saw in the piece, where he was. he was almost anxious last time they opened up they were almost shutting down again. he doesn't want that to happen again. jackie: their spirit and has been commendable, connell. thank you very much for that report. meanwhile, is a wealth tax back on the table? it's a big question and treasury secretary janet yellen not ruling it out in comments made this weekend. blake burman with us. he has got the latest from the white house. hi, blake. reporter: jackie, good afternoon, you're right, treasury secretary janet yellen didn't rule it out but she didn't wholeheartedly embrace the idea either. the wealth tax is this proposal been put forth for example, by senators elizabeth warren, bernie sanders and other progressive democrats which calls for a 2% tax on wealth over $50 million, 3% over a billion dollars. now treasury secretary said the
something the administration hasn't made a decision on just yet, instead pointed to other tax increases that the president has called for. >> he hasn't proposed a wealth tax but he has proposed that corporations and wealthy individuals should pay more in order to meet the needs of the economy, spending we need to do. >> reporter: as for the spending she references there, democrat in washington are turning attention to infrastructure package to pay for it potentially. house speaker nancy pelosi said over the weekend tax increases are on the table. >> we'll look at everything. we'll look at the tax code. we'll look at the appropriations process. we'll look at bonding, build america bonds enabled us to do so much in under president obama and vice president biden. we'll take a look at those. but again, we want to be fiscally sound as we go forward.
>> reporter: over here at the white house, jackie they continually talk about the desire of president biden for wanting an infrastructure package to be bipartisan but you know very well how this works f there is the possibility of tax increases, let alone substantial tax increases it is not something that republicans here in washington are going to go for at all. that brings in the possibility yet again of using this reconciliation measure which means if democrats want to ban together to push through a spending measure as we saw with the $1.9 trillion american rescue package, that is certainly something they can try to go do again on infrastructure. jackie? jackie: definitely going to be tough to sell. blake burman, great to see you. thank you so much for that. how would wall street digest such a wealth tax? get reaction from the market panel today, former dallas fed advisor danielle dimartino booth and mayflower advisors managing partner, larry glazer. danielle, let's start with you.
blake mentioned what a wealth plan would look like that is under the warren plan. two cents on every dollar over net worth over 50 million. we heard from pelosi in the sound bites and heard from janet yellen looks like instead after wealth tax reform the tax code. that may be more what wall street is expecting rather than this retroactive clawback if you will. >> that is the case. there is anticipation there will be a new capital-gains tax coming. a lot of corporations are very wary of the fact trump tax cuts on corporations will be rolled back. you will be back at 28% level. some of the things mentioned during the biden campaign t sounded like from janet yellen's comments on sunday, just yesterday, it sounds like that is the direction that they're headed again. the irony of it all a wealth tax would probably be less market unfriendly. things like a capital-gains tax, higher corporate taxes, that take us back being uncompetitive
with other countries are definitely not going to be market, enjoyed and embraced by the market or by investors. jackie: larry, when it comes to the stock market, when it comes to the economy, rebounding after the pandemic, there is a lot of optimism out there and that has been fueling the dow over 32,000, close to 33,000 right now. so the question is, you know, if we see sort of some sort of a tax reform, are we going to see a chilling effect on these markets and how much potential impact could it have? >> you know, jackie, that is a really good point and there is a growing frustration in this country particularly on middle-class families who are hardest hit because of covid this, is inequality going on, there is a wealth gap going on, it is getting worse, not better as a result of policies coming out of washington, if you think about it, those families have a tough time paying for college, rising food costs, rising lumber prices, rising gas prices. they can't afford education or health care. they will wind up paying for a
lot of these policies. what we learned over last couple years the frustration big tech doesn't pay their fair share, right? the billionaires in washington have a lot of power, they have a lot of clout. they are spending hundreds of millions of dollars lobbying so they don't pay their fair share. as a result the burden falls on the middle has, the least can afford to pay it, ones pay majority of the tax in this country. a wealth tax as a failed experiment in europe. didn't work in the '90s. didn't work in the 2000ss most countries in europe abandoned it. you chase all your millionaires out of the countries. we saw that in france. in the 1930s, loopholes, millionaires didn't pay it. burden on the middle class. as a result, we realize this idea doesn't work, jackie. it's a good headline but it's a failed policy. we need to boost the middle class who are the ones hardest hit. they need support right now. jackie: larry, real quick with you, before i switch gears,
goldman sachs is predict that the u.s. economy will grow 8% this year. do you think that is an accurate estimate when we look where we were a year ago at this time, where we have come and how we're reopening in this country? >> there is clearly a reopening in the country. market was ahead of main street. inflation moving up, coming into the economy. that is a sign of money coming into the economy. it is stimulating the economy. it is generating growth. it is generating inflation and concerns for future. jackie: okay. >> absolutely the reopening is a good thing. rotation in the market is reflecting that right now. jackie: inflation is exactly where i was going next. danielle, i want your take. we've seen the 10-year yield rise over last six weeks. 1.6%ish is not too threatening to the market. potentially if rates go higher that could be a problem. people are seriously worried about inflation at this time. your thoughts where we go from here because the fed is really trying to tamp that conversation down? >> the fed is but you have to bear in mind we had unite of the
airlines come out saying we already see enough demand for travel headed into the summer months we'll be raising prices. you're going to see a tremendous amount of pent up services spending. we've seen a ton of spending on foods and home depot and people redoing the decks, whatever they had to do to make their homes more liveable during a time when the economy was not open. now that it is open, services a much larger percentage of the u.s. economy. we'll see true inflation in those areas in hotels. try and, try and price out a day at disney or any of the theme parks. they're getting to be very prohibitively expensive. a lot of this $1.9 trillion went to people who did not necessarily need it. which is, you know, a whole discussion in off itself, the point is, people know the money will hit their checking accounts. they will be whipping out their credit cards which they haven't done for months. you're going to see an in addition to these very lowe low
2020 base effects because we had such low prints in 2020. pop up inflation and 2%, hyperinflation at least here in the near term that could certainly make the market nervous. jackie: the checks are being sent out as we speak. we seen them safe it during the course of the pandemic. as you mention they maybe will spend it more now that things are open and they cab aout and about. thanks for your time. >> thank you. jackie: house minority leader kevin mccarthy is leading a group ever gop lawmakers to the border today. this is coming as republicans blame president biden for the surge. he sends a message that the border is open. our own edward lawrence is live at the border with the latest on that. edward? >> reporter: live here at the border in mission, texas. this is the border wall coming up. i will show you where it ends,
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to you, is it a crisis? >> yes. you know, how do you go from having one incident, i'm just one resident on the border, we've had five or six. we have them daily, like you know, how do you say that there is not a crisis. things changed overnight. there has to be a better solution than this chaos. jackie: this is our other top story today. the biden administration sending fema to help with the surge of migrant children. republican lawmakers are in texas calling for completion of the wall, but will it ever be finished? edward lawrence live at the u.s.-mexico border with the latest. hi, edward. >> reporter: jackie. this is the border wall. a bus goes through every 30 minutes, taking people who turned themselves in at the rio grande river to the processing center this is the extension part. this is where it ends.
the trump administration stopped here. the biden administration has halted construction on the border wall. there are $4 billion still left in the pot in order to pay for this wall. it has been allocated but will not be used under the biden administration. a bar owner here who owns this bar here, it is very easy to understand why there is a surge of undocumented people, either crossing illegally or seeking asylum. >> when trump came in, it stopped for a while, really for three years. and then, now that they have changed the policy, they started coming down here in droves. >> reporter: democrats are, republicans say this is a self-inflicted wound by the biden administration. democrats disagree. >> the crisis at the border, we had it pretty much under control. it was essentially a well-managed threat, but it has, in very quickly, based upon
biden's policies and his directions to law enforcement on our southern border, it has gone to an absolute disaster. >> the evidence suggests that it isn't the policy of the u.s. administration that drives migration to the united states. it is the desperation of the circumstances these people are living under. >> reporter: the other explosion of numbers on the border is unaccompanied children. it is up 64% overall across the nation now. fema as you mentioned has come in, they will be set up for 90 days to help house those kids as they're processed through the system here. back to you, jackie. jackie: that for that, edward lawrence. meanwhile national border patrol council president brand done judd said this is the worst migrant surge in the last 24 years. you see where the wall stops. he is telling us we got the funds to complete it. but the administration does not want to use the money to stop
the project. encouraged people to migrate, now they're migrating so why is everybody shocked here? >> they shouldn't be shocked. i don't know the democrats are shocked. i will take you back to my early day in arizona. i'm going on 24 years as border agent. in arizona we were arresting over 100,000 border-crossers in a year just in a small area. we built walls, those numbers dropped from 100,000 a year, down to less than 10,000 a year. walls work. the biden administration, they knew that this was going to happen but they didn't put anything in its place. i just don't know they understood that it would happen as quickly as it did. jackie: that is interesting. because we're looking at the figures. for february, there were 100,000 apprehensions of migrants trying to cross the border. that is up 28% from january. that is a huge spike. >> no, it is. when you look at crisis, if you wanted to define it as crisis
you have to look at, are the border patrol resources being overwhelmed? do we have enough people to do the job we need to do to secure the border? the fact right now is, no, we don't. we're pulling our agents on the line. putting them in processing centers to essentially be security guards to these individuals that we've arrested. we're stripping the line of our agents which creates artificial gaps criminal cartels can then exploit. that is in fact the definition of a crisis. jackie: let's talk about the you know, the regular issues aside, talk about what's happening in the middle of a pandemic as we're trying to recover here. texas has been criticized for trying to open its businesses back up at 100% capacity. also you know for saying you don't necessarily have to wear a mask if you're not comfortable with it. yet at the same time we've got migrants crossing the border, no corona test, no checking out, potentially bringing gz into the country. >> this is extremely concerning. this is frankly hypocritical.
when you look at the number of people we're arresting, just yesterday it was reported we have arrested one group that had over 100 people in that group. 10% were exhibiting symptoms. they were taken to a hospital. they in fact tested positive for covid. so, yes, this is a superspreader, if you want to use that word. these people that are crossing the border illegally we don't know who they are, we don't know what they are bringing into the country. seems nobody cares about that but they want to restrict american citizens that doesn't make sense. jackie: during the obama administration we saw a similar kind of policy and similar shift in the border as well. at that time we called it a humanitarian crisis. so what's different now? >> well, the difference is it's worse. back in 2014 the humanitarian crisis, it was basically just unaccompanied minors. now we're seeing unaccompanied minors, we're seeing family units with very small children, we're seeing people from countries like haiti, venezuela.
we're seeing people that are completely different than what we saw in 2014 but it is a much bigger issue now. so, again we have to look at this, we have to say, what are the solutions? an there are solutions available. it is whether or not the administration will have the political will to implement those solutions. jackie: let me ask you a final point here. you see pictures that edward was showing us where the wall literally stopped. you have people out there who are still denying a wall was built. but that is a separate issue. you see that open space. as somebody in your role, in your position, who has been fighting to keep the country safe, how does that make you feel? >> it is upsetting. it is very frustrating to the front line agents to know that we have in our hands the resources that are necessary to secure the border but the administration isn't allowing to us do that. that is frustrating t should be frustrating to the american people as well. jackie: that is what it sounded like in neil's interview we came
in. the residents are seeing a tough situation. we appreciate you coming on to talk about today. >> good to be with you. jackie: thanks. coming up after defund the police, it is now refund the police. why portland's mayor is now calling for additional money for the stiff's police force. ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪
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♪. >> he should resign right now because he is holding up our effort to fight covid. he is literally in the way of us saving lives right now. jackie: that was mayor de blasio calling for governor cuomo to resign. i should just remind you that the two men are not best of friends. this of course as president biden breaks his silence on the scandal swirling around the new york governor as over 160 lawmakers are calling for the governor to resign or be impeached. bryan llenas is following all of that live in brooklyn, new york for us.
what can you tell us? >> reporter: good afternoon. president joe biden, house speaker nancy pelosi commenting on governor andrew cuomo scandals for the first time and you know what? they're not calling for him to resign which is unlike many of their colleagues. listen. >> do you think governor andrew cuomo should resign? >> i think the investigation is underway and we should see what it brings us. >> i do think the women deserve to hear the results of these investigations as does the governor. >> reporter: pelosi says the governor has to look inside of himself to see if he can effectively leave. so far 26 members of new york's congressional delegation, majority democrat are calling on cuomo to resign, including senator chuck schumer and kirsten gillibrand. 135 lawmakers are calling on him to step down as well. seemingly beleagured governor cuomo was looking outside of the
executive mansion and making phone calls. speaking of phone calls, "the new york times" reports over the last two weeks, new york's vaccine czar, larry schwartz, is calling county executives gauging their loyalty to embattled governor cuomo. one unnamed executive filed a ethics complaint. they feared the county's vaccine supply would suffer depending whether or not they supported the governor. the executive saying, quote, at best it was an inappropriate. at worse it was clearly over the ethical line. beth garvey, cuomo's acting council wrote about the schwartz phone calls any suggestion he acted any way unethically or the new yorkers that he selflessly served is patently false. all this as impeachment investigation is underway in the new york state assembly. jackie: we just keep adding on the layers to this story. bryan llenas, thank you so much for that. meanwhile a spike of violence in
portland is leading the mayor of that city to request two million dollars in police funding after slashing the police budget just last year. jason rantz, host of the jays son rants show is here with more. jason, great to see you. i will speak what we're seeing in new york city first. new york city saw 40% increase of murders in 2020. that was despite the fact that we were living through a pandemic. there were a lot of lockdowns, it came from the change in policy with respect to the police and what we're deeing and how we're approaching crime. you look at a city like portland has a similar situation. you say, why did you take the money away if now you need to give it back to try to beef it up again? >> yeah. i think clearly in all of the calls to defund the police they rushed to defund without replacing it with anything. this idea that suddenly taking money away from the police, putting it into these programs and many cases nebulously defined, all of sudden tomorrow, 24 hours later we'll get rid of
all the problems that we had, when we had a fully funded police force to begin with. it obviously doesn't work that way. if you want to have reasonable reforms, you want to take a look at any of these budgets, i'm not against budget cuts as a matter of policy but you have to make sure it is being replaced. even if you give money to whole bunch of organizations, community programs that get to the root causes of violence that can take a decade or more for you to actually see some of the results. why not wait, have proof of concept, funding programs works, make sure you're fully funding police departments, that is when the crime is going down, now okay, it is time to tinker with the police budgets. jackie: you can manage them better when you know exactly what is going on. during the pandemic, people have left the city and don't want to come back. people don't want to live where they don't feel safe.
is that the same sentiment in portland, could that be why officials are deciding to make it safe again so we don't drive residents out? >> at some point people whose lives are on the line, when you see what is happening in portland, community members are coming together, whoa!, roll back some of this, you're putting us in danger, across west coast cities. we're seeing this in progressive cities. this is not happening in a bubble. people want to simply blame the pandemic for increase in crime. there is certainly truth to some elements of crime going up because of the pandemic or that is one of the underlying causes. when you defund the police. when police officers are leaving forces that we're talking about in record numbers, all the while, you have a system that is not keeping criminals in jail, well, of course this is going to happen, people are reacting by moving out of their individual cities and certainly speaking up in pa way that maybe last year they were not comfortable doing. jackie: is there anywhere across the country that you're seeing
example after city that is actually saying, let's invest in the police? let's try to make the forces stronger? let's try to make our cops better and address some of the sensitivity issues that we've had, but keep them within the force and continue to have a place where people can grow, where people want to enter that police force? is there anybody saying that? let's invest in this instead of trying to detract from it. >> absolutely. i don't know how many big cities are doing this, certainly some of the cities around the bigger cities that are defunding the police have stepped up and said actually we're going to double down. we're going to hire cops whereas in seattle they're trying to get rid of police officers. we're seeing some smaller cities, in marriesville or pierce county in washington state, they are stepping up, this doesn't quite make sense. we'll not rule our police departments by the will of activists who are out there complaining in the streets. remember, these are activists who want to abolish the police departments. they're not looking out for the
best interests of their communities. they're being driven by ideology. it is radical ideology. they're not trying to reform. they're trying to dismantle. so we shouldn't be listening to those voices. we should listen to the voices, jackie of the people who are actually being impacted who live in these communities and are becoming victims. jackie: jason rantz, great to see you. thank you. we'll talk to you soon. >> thank you. jackie: california governor gavin newsom admitting mistakes were made in the handling of the pandemic. coming up live reaction from one of the key organizers calling for a recall. ♪
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♪. >> one of those things you can never get back. i owned up to that. no one hid from that. that was a mistake. crystal clear. jackie: california governor gavin newsom admitting some mistakes were made in the handling of the pandemic but knocking the recall effort against him. here now one of the key organizers behind the recall effort, randy economy. randy, good to see you this afternoon. thanks for being with us. >> my pleasure. good morning. jackie: hi, nice to see you. you have more than two million signatures. you needed 1 1/2 million for a recall. essentially even if some of those signatures are thrown out because they're deemed invalid you have enough padding there to trigger an election. talk me through the timeline and the steps and what comes next? >> he will well, tomorrow is the official deadline f you haven't gotten your petitions now it is probably too late. we have the next 35 days that the california secretary of state who was recently appointed by gavin newsom himself, shirley weber and lieutenant governor
will confirm that we have the met the threshold of 1,497,000 signatures required to place this on a ballot which will probably take the election if goes as planned and october, november. we're excited. this is historical day not only here in california but throughout america. because this is the largest single initiative created by people in our nation's history. and so democracy still works. and a lot of people have been labeling us as some type of a coup, something of a isn't allowed under normal elections but we're, it is a completely legal move that we're doing. it is allowed bit california constitution. we have never been more excited. we're just thrilled for everybody who has taken the time to help us during this past year. it has been a long year, but it has been an exciting time and it is an historic time. jackie: it is an historic time. this is only the second time in california history that election
like this could be potentially called and what is interesting, you mentioned the timeline of the pandemic, a year has passed, only now is gavin newsom saying some mistakes were made. almost seems like he is not even taking this seriously and that is more infuriating? >> he is taking it serious now because more than two million of us already weighed in on his political future. this is not a republican effort. this is movement by all people here in california. about 38% of the people who have signed this petition thus far are not republicans, they're democrats. they third party. as a matter of fact being a republican in california is not that significant anymore because of the fact that you know, we live in a one-party state. so it took a lot of democrats. took a lot of people in the state to get to this point. we're thankful to everybody. we're thankful to everybody who has taken the time but we're saddened by the people who lost their lives during the pandemic and we're very frustrated the way gavin newsom has handled
himself not only professionally, politically, but personally, when he went to the french laundry that night, the most exclusive restaurant in america, he dined with 22 other lobbyists, many of them had, made lots of money during this pandemic through their individual organizations and companies that they worked for, decision interests, that -- special interests that was a slap in the face of california. we at recall gaff gavin 2020, and we made it happen. so today is the day for us to reflect. it is a day to be able to go ahead and take pause and realize we've done something pretty darn good here in california. jackie: it has taken an enormous amount of effort. certainly you guys all banned together to stand up. you see the pictures of gavin newsom designing at the french laundry, not even if you live in
another state, for example, but it also demonstrates the hypocrisy. i always go back to the photograph of nancy pelosi getting her hair dyed in the salon without a mask on, when she was urging everybody else follow the rules. why is it some in the democrat party feel it is okay, we don't have to follow the rules ourselves but we will go out there and we'll preach it, even when they get caught they try to deflect blame on others? >> because that's the democratic party of the past and in california we've lived under one party rule for a generation now and, that is changing now. politics from this day forward has changed forever here in california and it is because of people like warren heatley, myself, mike netter and people who worked so hard and susan hurd, who helped, they're all volunteers. we worked our behinds off to get to this point now. gavin newsom brought this upon
himself. it wasn't one thing t was a combination of everything and now finally, finally, democracy is working the way it should be working here in california. jackie: it's a tremendous effort. a lot of hard work. congratulations to you and your team and volunteers as you said who really felt this was a mission they wanted to take on. great to see you today. thank you. >> great to see you too. jackie: okay. coming up why nursing homes nationwide say they see no relief in sight despite more stimulus relief funds. details after this
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and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217 ♪. jackie: welcome back to "coast to coast." nursing homes problems continuing right now as roughly 1600 face potential closures is year. lydia hu has the details. reporter: hi, there, jackie. nursing homes say one of the biggest challenges is staffing. they don't have enough people to serve vulnerable residents. that is part of reason they need more money. at least $450 million earmarked specifically for nursing homes out of the latest round of funding. that is on top of other relief made available through the defense production act and for vaccinations but it is a far cry from the $20 billion the industry was asking for.
they say they're coping with a dwindling number of patients which means there is less revenue, along with increased costs for personal protective equipment and infection control. they also lack nurses and nurses aides. anywhere between 15 and 17% reporting shortages in february. >> i was just speaking to a an administrator in a nursing home a little while ago today. she said if a bus pulled up in front of her facility with 25 nurses in it, she would hire all of them but the staff, the workers are just not out there. >> reporter: jackie, not everyone agrees more tax dollars are the answer to nursing home problems. watchdog groups nursing homes already received more than $20 billion from the cares act. some are calling for a full accounting as how that money was spent by the industry before more dollars are handed out. >> there just haven't been enough strings tied to those
dollars to have a good accounting. so to hear again another 400 plus million is alarming. reporter: meanwhile some states are addressing nursing home reform. lawmakers in the state of new york are calling for more transparency in reporting deaths and restrictions on for-profit facilities. that as the investigation into governor cuomo's handling of nursing home-related deaths is ongoing. jackie. jackie: it is a sad state of affairs, lydia, hopefully it works itself out in time. we appreciate your report on that and giving us the nursing home picture. we have our own charlie gasparino with new details on how companies may be forced to embrace environmental regulations under tougher sec rules. charlie joins us now with those details. >> jackie in that last report i couldn't help but google publicly-traded nursing homes, they are out there, they have been up lately. the stocks of these companies
have been oddly up. so maybe they smell something coming -- brookdale senior living. almost a penny stock, 6.59, but it has been up lately. it is very strange given what is going on. probably a good story with all this happening but i will get into something else. how will corporate america be faring in the biden administration? will corporate america be forced to adopt more progressive policies on diversity, on climate change, green energy? the answer is probably yes. here is what we're seeing from legal sources including republicans in congress how that will be achieved. the senate banking committee is essentially the defacto regulator of the securities & exchange commission. that is wall street's top cops. they regulate companies, forces them into certain disclosures, forces them into certain
behaviors. from what we understand the dem-controlled banking committee that will be sort of a lever that forces the sec and gary gensler, the new incoming sec chief, to push for more progressive, push corporate america to adopt more progressive agenda. how will they do this? start at least initially, from what we understand through prodding, through the sec prodding companies to disclose more. disclose the makeup of your workforce or at least your board or your executive ranks in terms of diversity. disclose how much money is given and how, how we use esg investing or environmental, or green energy policies to corporate shareholders. that is the initial, that is going to be how it is going to initially develop because the notion is, to embarass corporate america to adopt these policies. you do that through disclosethat
is the deal worked by the banking committee through the sec. we should point out the gary gensler the incoming sec chief, he may not need a lot of pushing on this. he may need cover but not a lot of pushing. he is a big supporter of the things we spoke about. pat toomey had a interesting conversation with gary gensler's during gensler's approval hearing. basically asked gensler what he considered a material event to be disclosed? gensler basically said anything i want. he took a very broad view of materiality which obviously will include green energy stuff, it could include green energy stuff in the progressive items. that is what we're hearing right now. it will be an interesting battle. there will be pushback from republicans on the banking committee. you can be sure pat toomey will push back, i know that for a fact speaking to people close to him. it will be interesting couple years here, corporate america
will be prodded to essentially develop, embrace, progressivism. it will be prodded by the senate banking committee and securities & exchange commission. jackie, back to you. stuart: jackie: charlie, i hope some big ceos will not cry foul. a lot of corporate america was behinded biden administration. you knew this was coming if you supported him. this is the time to -- >> i wouldn't go that far to say corporate america supports this. now clearly corporate america likes virtue signal. there are many members like larry fink at blackrock, david salomon at goldman sachs that tout their adherence to these things but i think it is more kissing up to -- jackie: charlie i got to go. i got to go. thank you so much for that. we'll be right back.
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congress intended to safely reopen schools spent on teacher bonuses. according to memos obtained by the group reopen california schools, clovis unified is considering $6,000 in teacher bonuses, both the district -- though the district claims it's just a proposal. near sacramento, the san juan superintendent recommends a 1% bonus totaling hundreds to several thousand dollars each. now, the group's founder says that he's been inundated with reports of school districts spending state and federal covid money on substantial one-time bonuses to teachers and administrators instead of getting kids back in class or to curb learning loss. >> the pig got has definitely -- spigot has definitely been turned on, and i think it's important we do have some accountability tied to this money. we can't keep disrespecting taxpayers and our students by not going through and following through with what this money was intended to do. >> reporter: so the problem is
twofold. one, congress said only 20% of the money be spent on learning loss, and states can skim 12% off the top, only 1% going to after-school programs. so there's plenty of fat in the school boards which largely answer to unions to pay the people who put them there. secondly, jackie, it's just a huge amount of money. congress gave k-12 schools $126 billion this month, $54 billion in december, $30 last march on top of -- $30 billion last march on top of the $80 billion they get every year. back to you. jackie: william, we were just talking about the recall move against gash newsom, this is one of the -- gavin newsom, this is one of the big reasons why. thank you so much for that report. meanwhile, people might be ready to reopen, but dr. fauci is warning against dropping restrictions too quickly. >> when i hear pulling back completely on public health measures like saying no more masks, no nothing like that, i
mean, that is a risky business. jackie: for now, dr. debbie. dr. fauci saying he's worried that we're maybe moving too quickly, we tend to lag europe by a couple of weeks, we saw an eyeing of restrictions and -- easing of restrictions and then a spike in cases, so we should continue our practices of social distancing and mask wearing. your thoughts at this point. >> well, i'm in favor of masks, i'm in favor of the physical distancing in general, but i definitely think we need to reopen. i mean, our economy is suffering, our children are suffering, and people in a variety of ways are suffering both with health disorders, education and all kinds of ways. so i'm completely in favor of reopening. jackie: right. >> now, europe is different than us. i mean, this assumption rests on the fact that physical
distancing is our main way of preventing the spread of the virus, but we have the vaccine. so just comparing ourselves to europe, i mean, the u.s. has been much more effective in terms of its vaccination program. so we have three different vaccines available -- pfizer, moderna and johnson and johnson -- and in spite of our rocky rollout at first and even now some of the issues that have come out, we've been able to get more vaccines into people. we have some more problems still even at this time in terms of vaccine hesitancy and other concerns, but still more americans are getting vaccinated. and even people who have had coronavirus may have immunity. so i think we are proceeding more safely in terms of reopening than some of the countries that are experiencing this third wave. so it is -- we are in a different situation. i mean, i think -- jackie: can we just drill down on the vaccine issue a little bit more as we see what's happening in this country, because it does seem like the tide's turning.
the administration's goal was 1.5 million per day, we're looking at 2.4 million per day. but another concern of dr. fauci, in fact, he's calling out president trump to urge his supporters to get the vaccine. the question at this point as we get more doses out there as we have more supply, are there going to be people who are reluctant to take it? >> yes. i mean, i'm talking to patients every day who are reluctant and, of course, i work in new york city, but i think it's not, you know, at a certain point people have questions. so our patients have questions for us about their specific risks of contracting coronavirus, their specific medical issues, whether they would have a serious illness. you know, we have to stratify them according to low level of risk, medium levels and high risk. so risk, we can't predict the future, and what are their specific risks from the vaccine because it's a new vaccine, do they have a preference about the specific vaccine.
there's a difference between public health and medicine. public health is the field where you look at all of society, so what's best for society or what's best for the country, and medicine has to do with an individual parent. so what's -- as an individual patient. what's happened in this roll outright now is that the focus has been on public health, but doctors are left out of it to some degree. so that's why you can't go to your doctor and get the vaccine. you can only really register at a mass vaccination site at least in new york city or new york state. so i think this is one of the issues. jackie: we were talking about europe just moments ago ago, and you said the situation is very different. one of the big questions in europe right now, in fact, has to do with vaccines and the astrazeneca vaccine that has caused some problems over there. your thoughts on the research, the studies, what we know about what's happened so far and some of the concerns about that one. >> well, the question there is
whether the astrazeneca could be tied to blood clots or pulmonary embolism. and it's not clear. so blood clots can happen normally in people anyway. covid itself is associated with blood clots. so it's not clear from the data whether covid or the vaccine could be causing these blood clots or whether they're just naturally occurring in the population. that stills has to be studied. but several countries have stopped administering the vaccine until it can be figured out, and this is against the advice of the world health organization. but people here do not have to worry about that because we're not using the astrazeneca vaccine in this country, and that hasn't been reported here at all. jackie: right. yeah, no, a lot of people have been asking me about it, and i'm quick to remind them that is not one of the three that we have approved right now. dr. debbie, thanks so much for your time today. >> thank you. jackie: we are. watching stocks slightly more positive in the session,
actually turning into the green. basically flat, but at least we're not on those session lows that we saw earlier. let's go to fox business' susan li, she's got some of our top business stories. susan: hey, vegas looks to be back. social media posts showing crowds shoulder to shoulder back at some of the hot places on the las vegas strip this weekend and capacity going up to 50% today. so this reopening has wall street bullish, and america gm a buy -- mgm a buy, the stock hitting a 13-year high. jpmorgan raising prices up to $72 for the las vegas sands. not bad. meantime, let's check in on tesla. in a filing this morning to the sec, elon musk has a new title of techno king. not bad. no idea what prompted the timing of this filing, but tesla did make headlines earlier this year when they bought that $1.5
billion in bitcoin be their cash holdings. some say this might be a distraction of sorts, "the washington post" reported 400 covid cases reported at the fremont factory when it reopened early back in may. musk is a crypto fan, so rallying doge coin so far this year by a few hundred percent, again tweeting his fandom calling it a doging -- doge day saturday. oscar nominations out, a total of 35, and netflix leading the way with 10. meantime, other streamers, amazon coming in second place with 12, walt disney, that includes disney plus and hulu at 15 nominations, and apple tv plus had their first oscar nominations including for greyhound. the oscars say it's the most diverse list of nominees in itself history.
the best actor category has a posthumous nomination for chad bozeman there. and also, as you see there, first asian-american to be nominated in the best actor category. jackie? jackie: thanks for that. good to see you. more signs the economy's picking up steam here with millions of people getting vaccinations and states reopening. the number of people flying, that's starting to pick up as well. the tsa reporting that more than 1.3 million people flew just yesterday. here now, bankrate senior economic analyst mark hamrick. mark, we're looking at the markets right now, a little bit of a gain on the dow there, but positive momentum continues. we're seeing 2.4 million vaccinations a day, more of a willingness to travel, to get out there and spend some of this stimulus money. how do you think it's going to impact the market as we go up? do you think we're going to continue to see green, green, green or have some stumbles along the way? >> well, to be perfectly
transparent, jackie, i don't want make it a habit to try to predict what the market's going to do because i really care mostly about what it's going to do over the long term. and at bankrate when we're trying to help people accomplish their financial objectives, we try to urge them to think about the long term, and there's going to be a lot of money coming into the system now between the stimulus checks, the child tax credit, federal income tax refunds are coming in. my colleague, ted rothman, recently saying that, you know, we could look at some households getting easily $10,000 with all that money coming in. jackie: wow. >> and that's not a stretch at all. think about that multiplying itself time and time again. i could imagine given the speculation we've been seeing in the market recently, some of that money probably will go into stocks. my preference would be people thinking about saving for emergencies and saving for retirement and if some of that cash goes toward those two, that's good for me. jackie: yeah. we could argue about whether those households actually need those kind of lump sum payments
that you're talking about, the but regardless, it's passed through, and the treasury's already are starting to send them out. when we're looking at the landscape, the market, our future investing in stocks, that 401(k) allocation, for example, you know, do you basically feel like people who are invested for the long term, the next two years or so, are in good shape? >> well, i mean, only time will tell with that. i do think there probably is going to be more of a focus on value over growth in the near term just because it's time for that rotation to continue to exhibit itself. but over the long term, you know, growth will probably do quite well also. and that's all part of having a diversified portfolio. and when we did our market maven survey in the fourth quarter -- just getting ready to put another one out now -- they definitely were highlighting the opportunities for value stocks. and we've seen that more recently as we've seen some of these high flying tech stocks
cool off a little bit. jackie: and value would be the play to make if you believe we're going to the see more inflation in this economy, and that's why we saw rotation into those value plays. >> yeah. and, of course, you know, the federal reserve is promising to be our friends forever, it seems. we'll get an update on that this week. i do feel as if we're in a precarious situation here where i think we will get some inflation in the short term and, of course, the multitrillion dollar question is will it overheat, more inflation than what we essentially bargained for. and, you know, we haven't come out of a pandemic before with $6 trillion in federal spending at our backs either, so it's going to be a fascinating experiment playing out in realtime. jackie: yeah, it really is. and i know at bankrate you guys are also watching interest rates as well and talking about the housing market. as we see these rates go up, i mean, it's marginal, right? but do you expect it to have an impact? >> well, sure ors it'll have some impact.
obviously, impact on affordability. i was just talking to my friend of mine who's a realtor over the weekend, and he was talking about how bidding is out of control here in the d.c. market where people are getting, you know, amazing amounts of money over, basically, the asking price. and so that feels a little concerning to me. but, listen, the strength of the macro economy is going to ultimately dictate a little bit of that. the first house i bought was double-digit interest rates, and we survived that era. predicting that or even wishing that on ourselves, we've seen all kinds of different markets present themselves over the years. and, you know, the expectation that mortgage rates should continue to remain relatively close to their recent historic lows. jackie: yeah. we have seen all those different scenarios, and somehow as human beings we manage to get through it. great to see you, mark. thank you. >> thank you, jackie. jackie: gop delegation touring the border this hour, casey stegall has the latest from
texas. >> reporter: hey, jackie. we're monitoring that situation as officials on the ground here say that more than 4200 migrant children are now in u.s. custody. that's a big spike from a week ago. we'll explain as we show you live around here on the border coming up next. ♪ ♪ our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... giving us confidence in our future... ...and in kevin's. voya. well planned. well invested. well protected.
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♪♪ jackie: a gop delegation about to speak at the border momentarily. republicans blaming president biden for the recent surge of migrants saying that he sent a message that the border is open for business. casey teeing thing is live in mcallen, texas, with the latest for us. casey? >> reporter: hey, jackie. u.s. border patrol agents on the ground here tell us that they are now apprehending on average more than 400 unaccompanied migrant children every single week, more than 400 a week. and right here in the rio grande valley of south texas, this particular sector, detention capacity is at 363% when you look at the data. all other major border patrol sectors over 100% capacity according to boots on the ground. while the mayor of mcallen,
texas, says that the pandemic is only complicating this backlog. listenment. >> -- listen. >> the courts are closed, right? you can't have an adversary hearing because of covid, so you're just going to stockpile, you know, literally hundreds of thousands of people in this process, and so the potential, to me, is worse. i mean, you should have at least maybe warned us too -- [laughter] you know, we were involved in this before. hey, by the way, we're going coto open and border, and you need to be prepared for that. >> reporter: now, as we speak right now house gop leader kevin mccarthy leading a delegation of 12 other republican lawmakers here at the southern border to see things firsthand and meet with people on the ground. that's happening in el paso, and we are monitoring that. this as more reports surface that migrant children are being detained longer than the government's three-day imposed limits. in what some describe as unfit conditions as these overcrowded
short-term facilities are literally busting at the seams, data shows that the number of unaccompanied minors now in u.s. custody is more than 4200. and that is a roughly 31% jump since just last week. jackie? jackie: wow. those are incredible statistics. casey, thank you so much for that report. meantime, of course, texas governor greg abbott says president biden's border policies are empowering drug cartels as well. listen. >> the border patrol officers told me that the biden administration policies, they are enriching, they are empowering the drug cartels and mexico who make money off the people that they assist in smuggling them into the state of texas. of. jackie: let's bring in former i.c.e. attorney john guyon. so many things to talk about the here. in the previous sector the we talked about, you know, we're not testing these migrants for
covid, for example, in the middle of the pandemic. we talked about general immigration issues as they're coming over the border, but in this specific case, now we're talking about some of that humanitarian crisis as well, and there's really nothing they can do in texas about it. so my question to you to be able to kick this off is with respect to crime, with respect to drugs, you know, what do you hear that we're seeing down there, and how bad is it getting? >> hi, jackie, thanks for having me on. the situation at the southern border, whether you call it a crisis or a challenge, that's all just semantics. the situation is bad. the situation is dangerous, and the situation is unsustainable because we have unprecedented numbers of unaccompanied children coming over the border. and border patrol simply can't handle dealing with that number of unaccompanied minors and dealing with protecting the border whether it's trying to stop other human smugglers or trying to stop drugs from coming in, weapons, whatever it might be, our border patrol is stretched to its limits and simply can't handle the
situation, and we can see that. we can see children sleeping on the floor, children not getting showers, children in facilities for weeks. this is simply unsustainable and unacceptable. jackie: given that we just heard the gentleman say we can't proceed forward with cases because of the pandemic, do what we need to do at this point, what's the best action to keep everybody safe under a circumstance like this? would it be just to say we've got to go tougher at the border? i know that's not what the administration wants to do right now, but under these circumstances it has to. >> well, the situation can be solved with the thing that solves everything, that's called money. if they throw more money down at the border and whether it's sending fema to deal with the situation or dealing with the long-term and root causes of these mass migrations, and that's problems in the northern triangle countries of honduras, guatemala and el salvador, money solves the problem. the immigration courts are open. the problem is that the unaccompanied miners, for the
most part, they are not going to be deported -- minors. we have laws that we pretty much allow them into the united states, and the coyotes and human smugglers know that and they're taking advantage of it. that's, ultimately, what the problem is. jackie: as we see this essentially play out on these kinds of spikes in numbers, we were talking about 100,000 apprehensions, and it was a jump of 60 -- pardon me, it was a jump of 28% just from january which is a massive jump, and you just see these numbers snowballing. where do we go from here, john? >> this happens all the time with elections, and president biden has signaled to everybody in the world that we're going to be different than trump was on our immigration policies and, of course, that's a huge marketing tool by the coyotes and human smugglers to go to these villages and towns where people have no hope and to draw them out and to say send your kids to the united states, they're going to get status. they're going to be able to bring you here. they have a better chance of hope and life if you bring them to the united states. so we have to have the smart immigration controls at the
southern border, we have to obey our laws, we have on the to be humane, but we also have to enforce our borders to protect national security -- jackie: okay, you bring up a great point. enforcing the border. our reporter talked about the fact that we have $4 billion that was allocated to continue building the wall, but the administration doesn't want to do it. >> this administration is going to have nothing to do with the wall, that's absolutely true. and a physical wall isn't going stop us from having to letting the children into the united states. a physical wall doesn't prevent that. it may help us stop the smugglers who are trying to drive herds of people over the border other than the children, but a physical wall is just not going to happen under president biden. that was a campaign promise just like it was under president trump to happen, president biden says it's not going to happen. jackie: and do you think that -- i mean, you talk about the fact that the children are still going to get across, but even if you could continue with a wall or a fence or whatever you want to call it that ends up being a deterrent, it helps in some way.
you can't tell me the democrats or president biden can stand back and sort of defend what's happening here even though they believe in the policy behind it. they believe sort of in this open border policy but not the way you're describing the conditions, how children are being treated and what's actually happeningment. >> you're absolutely right there. and president obama had the same problem. as he tried to create a deterrent system to say, listen, stop sending your kids here, we're gone to help you -- we're going to help you, but this is simply untenable. so while president biden can say we're going to be more open, he has to stop this from happening because we simply can't handle it at this point, and i don't know that we'll ever be able to handle these kind of mass migrations because we never have whether it's president biden, president trump or president obama. we'll never be able to handle numbers like this. jackie: john, great to see you. we'll have you back soon. >> thank you. jackie: president biden breaking his silence on new york governor andrew cuomo. we're going to play the sound for you after this.
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♪ jackie: president biden not answering reporters' questions about about whether the governor of new york should resign. instead, he says that the investigation should play out. meantime, there's some reports that the governor's vaccine czar has been asking state democrats to support cuomo. bryan llenas is live in brooklyn with the latest. hello again, my friend. >> reporter: hey, jackie. look, we're just getting a brand new poll, a sienna if college poll which asked new yorkers and voters specifically how they feel about all of these scandals and governor andrew cuomo. 50% of new yorkers say he should not resign end 35% say he should. 48% of voters say cuomo can effectively do his job as governor despite these ongoing investigations, and the majority if, 57% of voters, are satisfied
with the way cuomo has addressed these educations. all of this -- allegations. all of this as "the washington post" and new york times are reporting over the last two weeks new york's vaccine czar, larry schwartz, has been gauging loyalty for the embattled governor among his scandals. one unnamed democratic executive for a county reportedly filed an ethics complaint and said that they fear that the county's vaccine supply would suffer depending on whether or not they supported the governor. the executive sid of the outreach, quote: at best it was inappropriate, at worst it was clearly over the ethical line. cuomo's acting counsel called the claim patent9ly false, and new york city's mayor bill de blasio, who is not a fan of the governor, said this this morning. >> what we've heard about the governor and his team trying to link vaccine supply to political support, that is the definition
of corruption. it is disgusting, it is dangerous. there are lives on the line, and it cannot be tolerated. >> reporter: still remarkably sharp criticism from deblahs owe. 26, nearly all of new york's congressional delegation, is now calling on cuomo to resign, but president joe biden in his first direct comment on the matter did not go that far. listen. >> do you think governor andrew cuomo should resign? >> i think the investigation is underway, and we should see what -- [inaudible] >> reporter: over the weekend photos showed a beleaguered governor cuomo outside of the executive mansion in albany. but you know what, jackie? people wondering whether or not he will resign, why hasn't he yet, despite all that, look at some of these poll numbers. perhaps he sees he still has support from new york voters. jackie: obviously, he feels a
certain way. he wants an investigation, he thinks that will clear him. bryan llenas, thank you. meantime, reaction on this story from new york post columnist carol markowitz. carol, i want to ask you, you know, when it comes to democrats having reports of sexual harassment made against them, it comes to republicans having it, we've seen both sides of the coin, and many folks are saying like president biden there, let's see what the investigation uncovers, not saying that the governor should resign. it's somewhat hypocritical. your thoughts on that. >> well,st it's interesting that now we wait for the investigation to conclude before we make our decision. i don't think that was the case with judge kavanaugh, for example, at all. that was some allegations thrown out in the media, some absurd allegations, and everybody believed it hook, line and sinker, right? it's amazing to me that now that it's a democrat, we have to actually wait for the investigation to conclude to see
what actually happened. but, you know about the poll numbers, i just wanted to say, you know, i blame the media. the media had governor cuomo on every show when he was on top. when they were celebrating him, he was on "the view," he was on late night tv -- jackie: he was on with his brother. >> i'm sorry? jackie: with his brother as well. >> oh, yeah, absolutely. you know, cuomo brother comedy hour. let's bring that back and ask him some real questions during those times now, and i don't see that at all. i'm not surprised that the poll numbers say what they say. i don't think people are getting the story other than, for example, on fox news. jackie: you brought up the instance of judge kavanaugh, and i thought there was a really good op-ed over the weekend talking about governor cuomo and the situation that kavanaugh was literally skewered over something that may have happened many, many years ago of which there was no evidence, but we watched that play out in realtime. the way he was essentially attacked. and yet here you have a
situation where governor cuomo has seven people accusing him of acting inappropriately in, while he was in office. you know, these are two very different situations, and they're being treated entirely differently as well. >> yeah, absolutely. and look at the way governor cuomo had treated previous allegations against other people including his fellow democrats? he immediately calls for people to resign when they're accused of anything because the line used to be believe all women. but when it comes to a powerful governor of new york, the president has decided that maybe we shouldn't believe all women. certainly governor cuomo doesn't think so, he basically called them liars during his press conference. sure, these women need to be heard, but they're not telling the truth. jackie: well, it seems whether you believe them or not depends on who's being awe caused -- accused, right? there's three layers to this, the nursing home issue, what happens here during the pandemic, you've got the sexual harassment claims and now you
have the issue about the phone calls larry schwartz made and the potential to throw off the dynamic with respect to the vaccine which is so, so very important here in new york. when you take all of these things into account, i ask myself and ask you, what is governor cuomo's future, if any, if he's not forced to resign? >> well, again, i see that the democratic party is rallying around him. joe biden is rallying around him, and he's really the person everybody's looking to. as soon as biden or vice president harris turnen to -- turn on him, i think his days minute will be numbered. he has bullied people to get what he wants. he bullied the nursing homes to allow covid-positive patients, he's bullying people right now to take his side, and that's just been his personality throughout his time as above of new york. jackie: carol, always good to see you, thank so much. coming up, is north korea giving the biden administration
a little bit of the silent treatment? we've got a live report on the secretary of state's first asian tour after this. ♪ ♪ [announcer] durán catches leonard with a big left. ♪♪ 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. ♪♪
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the gold standard, so to speak ;) people call my future uncertain. but there's one thing i am sure of... jackie: welcome back. china and north korea top of the agenda as secretary of state blinken begins his first asian tour. rich edson live at the state department with the latest for us. good afternoon, rich. >> reporter: secretary of state anthony blinken and the defense secretary, lloyd austin, are now in tokyo. this is the first cabinet-level trip overseas by the biden administration officials. you've got the secretaries, austin and blinken, will be meeting with their counterparts from japan and south korea. this is ahead of a major meeting later this week in alaska with senior chinese officials. the two american secretaries wrote in "the washington post" that, quote: our combined power
makes us stronger when we must push back against china's aggression and threats. together we will hold china accountable. if we don't act decisively and lead, beijing will. the state department acknowledges the conversations with chinese officials will be difficult. u.s. officials say that's why they'll first coordinate with american allies in the region, though the previous administration also engaged with japanese and south korean officials before traveling to beijing for discussions that often yielded little or no progress. the u.s. and china are at odds on economic and military issues, repression in tibet, the assault on democracy in hong kong and taiwan. state department officials say this trip is about coordinating on covid-19 response and north korea which analysts say that ss continued improving its weapons technology while kim jong un has abided by that agreement with no nuclear and long-range missile testing, he does say he no longer feels that he is
constrained by that agreement reached in the trump administration as north korean officials, according to american officials, have refused any type of discussions for months. back to you. jackie: rich edson at the state department, thank you so much for that. meantime, coming up, google has a plan to completely disrupt the college degree as we know it. we're going to speak to one of the executives from the big tech company about this after the break. ♪ ♪ i was born this way. ♪ i'm on the right track, baby, i was born this way. ♪
♪ jackie: republicans saying that blue states are getting a bailout under president biden's stimulus plan, and now cities like chicago are talking about using that money for a universal basic income program. let's go to grady trimble live in chicago. grady? >> reporter: hey, jackie. several elected officials here in chicago support this program that would give 5,000 of the neediest families $500 a month. it would only use about 2% of the $1.8 billion earmarked for chicago, but that's still $30 million. the aldermen in favor of this proposal say it's essentially the same as those stimulus
checks going out from the federal government. >> you know, simply put, cash is king. and chicago families and the economy will benefit from the economic boost and stability a guaranteed income would give our most vulnerable residents. >> reporter: of course, many republicans don't think that this stimulus package should have passed at all, calling parts of it, essentially, a blue state bailout or in this cause a blue city bailout. the illinois policy institute commented saying federal funds should be prioritized on items such as paying down bond debt, maintaining vital services and reversing recent regressive fines and fees like a rising gas tax. this is how we help those in need, not by investing in failed test the programs that don't have proper infrastructure or support. of course, at the end of the day it could come down to what these aldermen think as opposed to the illinois policy institute or other republicans in the state
because these are chicago elected officials, jackie, making a decision for the city of chicago. different opinions on how this money should be used though. jackie: there are. grady trimble, great to see you. stay warm. thanks for that. meanwhile, introducing google's plan to disrupt the college degree. google is making it a little easier for job seekers to adapt to the changing economy by offering programs that provide job-skills with no degree or experience required. here now grow with google vice president lisa. thank you so much for being with us today. i'm going to put this in content of a situation where many of us are debating whether people should be getting college degrees with the high cost of education, the loans they have to pay back, and they kind of weigh this risk/reward balance of whether they can recoup that money and get the job they need. this is a really interesting program coming out of the pandemic that google is launching help you really hone in and focus on a skill set.
tell us about it. >> yeah, jackie, we're at a really important moment right now in america's economic recovery. 10 million americans are up employed, 80 million americans do not have a college degree and feel like that is a barrier to getting a good job. but what we've learned is with things like our career certificate, you get the right skills, and we just connect people to the right employers, and we can create real economic opportunity for everyone. jackie: and it's my understanding that the subjects that are offered, for example, are where the demand is out there right now. and literally, that you could complete a certificate like this in roughly six months, and the cost here in the united states would be about $240 per person. and that google is offering 100,000 need-based scholarships. >> yeah, that's right. we deliberately picked job fields that were in demand and growing and high paying. all of our career fields -- i.t. support, data analytics, user
experience design and product management -- have entry-level salaries of $69,000 a year or more, and all of them are growing fields. we design the certificates literally so that working people do them. we know not everyone has the clubsly to sit in the classroom, so these certificates are all hosted online, and you can do them on your own time, as you say, in less than six months. jackie: when first was reading this, i thought, oh, my goodness, is google putting themselves out this as a university. you're not, you're partnering with other educational institutions, and so this is sort of -- it's streamlined in this way with google support behind it. >> yeah. i think the most important thing we're doing is actually partnering with employers. so what we've done is partnered with over 130 employers who have recognized the credentials as
training people to be job ready for the jobs that they're hiring for. there are over 1.3 million jobs open in the u.s. right now in these fields. we've got 130 employers who are eager the hire those graduates, and they're companies folks know from every day, home depot, smuckers, but also we partnered with guild education to help reskill america's front-line workers at places like walmart, and we're really excited that employers like better.com have now agreed and committed to hire hundreds and even thousands of these career certificate graduates for their own hiring needs. jackie: that's really interesting. and when you were talking the early about the inti-level salary, 69,000, it's really amazing. you'll talk to a lot of college graduates who will say their first job out of school may not be that high. but let me just ask you this. there's a lot of gland in health care, for example -- demand in health care, for example, nursing homes don't have enough
staff or workers, are there opportunities within health care as well? >> yeah. right now we're really focused on teaching the things that we know best. all of these courses are taught by experts at google who have decades and years of experience in these specific fields and, of course, google hires the graduates as well. but we have seen some really exciting things. for example, johns hopkins university created their own credentials stacked on top of ours that trains people specifically to be health care i.t. support professionals. jackie: lisa, great to see you. thank you so much for your time and for explaining this to us. i'm sure many people are going to find it very helpful and informative. great to see you. >> thank you. jackie: okay. meantime, gop representatives are speaking at the border right now. we're going to dip into this. >> -- because we don't have a strong, secure border. the border wall construction has stopped and been halted about 22 days ago. now they have something to take advantage of. we implore the biden administration to come visit to
see what their policies have done to these children, what they have done to make our country less secure. i'd like to introduce congressman joyce from ohio. >> thank you all for being here and thank you for the opportunity to review the border situation. unfortunately, the backlog that has been created, we've been manage over the last few years to knock down is now being -- because when this was all stopped or not being done anymore, what is important is that there's 173% increase in the last month of people coming across the border, kids coming across the border. it's a humanitarian crisis, it's a legal crisis, and it needs to be fixed and addressed. some of the agents were just telling us that as a member of the opioid caucus, i can tell you that with fentanyl coming across this border, more kids are going to die. we're killing our own kids,
we're making it unsafe for those kids making the voyage up here, and why? because we don't tell them we are a country of immigrants -- jackie: okay. that's congressman joyce, part of the republican representatives down at the border trying to evaluate the crisis. of course, this is an ongoing story, and we'll be watching it very closely. we're also watching the dow up 68 points right now. we'll be right back. personalg and unmatched overall value. together with a dedicated advisor, you'll make a plan that can adjust as your life changes, with access to tax-smart investing strategies . . unmatched value. at fidelity, you can have both. ♪ more than this ♪ (vo) ideas exist inside you, at fidelelectrify you.ave both.
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jackie: bitcoin taking a hit today as traders are easing up on bets fueled by the stimulus package that boosted bitcoin to 61 thou this weekend. look at markets. you can see we're all green across the board with the dow logging a 77 point gain. with that charles payne. it is yours. charles: thank you very much, jackie. i love this tug-of-war we have going on right now. good afternoon, i'm charms payne. this is "making money." after four wild weeks of wild swings in the market, we're trading in a very narrow range. as investors brace for the next move from the federal reserve even as jerome powell says there is no inflation he still must treat, you know, make sure not to let the wealth effect fade away. also president biden kicks off a cross-country tour to promote his monstrous 2 trillion-dollar relief plan, with several stories reminding us taxes are along the way. we'll ge