Skip to main content

tv   The Evening Edit  FOX Business  December 1, 2021 6:00pm-7:00pm EST

6:00 pm
short period of time. a clock is ticking all eyes on the united states, not just the markets wondering but americans and the world as well. is this president up to the tasks? we'll see. that does it for us on "fox business tonight." "the evening edit" starts right now. ♪. >> the omicron variant is here in the u.s. the first case eyed fired in california. the patient has set to have mild symptoms, the news sending u.s. markets into the red. so how concerned should we be? we'll discuss. this as a new court ruling temporarily blocked biden's vaccine mandate for federal contractors and health workers. we look what this could mean for mandates moving ahead. joining us tonight from johns hopkins, doctor martin dry makary, lee zeldin,
6:01 pm
"daily caller" vince collagnese, phil flynn, and texas attorney general ken paxton. it is a busy decent on capitol hill. government funding set to run out on friday. there is a debt ceiling approaching and the push to get the dems costly build back better plan passed which faces hurdles even from democrats. we look where it all stands, what it could mean for your wallet. talk about wallet, yours has probably been taking a hit from rising inflation, even the dollar store raising prices above a dollar. jerome powell shifting away from saying its transitory. now warning it will last well into next year. his massive government spending fueling the problem? the president doesn't seem to think so. plus social media censorship. twitter no longer allowing users to share photos and videos of another person without permission. is giving the social media giant too much power? opec kicking off its two-day meeting as oil and gas prices
6:02 pm
remain high and the white house is pressuring the group to increase output. will the omicron variant impact the decision on out put levels? to the border crisis, texas border landowners telling the federal government to pay up for damages to their property done by migrants. as more cross into our country. i'm brian brenberg. in for elizabeth macdonald. "the evening edit" starts right now. brian: the first u.s. case of omicron variant appears in southern california as it sparked global concerns. edward lawrence has more. reporter: brian, the first case of the omicron variant in california. coming from south africa back to california on november 22nd. on november 29th, they felt poorly.
6:03 pm
got tested. total positive. close contact tracing no unelse in the person's circle tested positive. all negative tests there. dr. anthony fauci in the press briefing today hopes the travel ban from eight african countries can be lifted soon now that the first case is in the u.s. then adds bass booster shots cod being become part of the mandate. >> that could change. could change. >> are you recommending change? >> we'll see what rolls out now. if i say it is going to change it will spread out that is it. we don't know whether it would change but it might. reporter: federal judge in louisiana blocked the vaccine mandate for health care workers saying the president does not have the authority to go around congress. the mandate in other sectors has also been challenged in court. republicans calling the president out over these mandates. >> those workers shut down. a third of our workforce is not vaccinated yet. of course i encourage people to get the vaccine.
6:04 pm
i encourage people to get the booster as well but the federal vaccine mandate will shut down our economy. reporter: tomorrow the president will lay out his plan to handle covid through the winter. the white house is pushing for h more vaccinations, booster shots and increased testing. back to you. brian: thank you, edward. with more on the first confirmed case of the omicron variant in the u.s., fox news contributor, johns hopkins professor of public health, dr. marty makary. great to have you with us. hype all over the place. california, we got our case. give us some perspective on this. what does it mean that omicron is in the u.s.? >> it is not really surprising at all. we knew it was here. based on the fact that it was documented in 23 countries around the world. it was already here. we had not confirmed the case. it is not surprising here. a lot of thing are favorable talking about the threat of omicron. number one doctors on the ground say it does not appear to be
6:05 pm
more virulent and the head of the south african medical association says quote, unquote, there is absolutely no need to panic. the modelers that take what this virus looks like in the computer simulation show it binds to the antibodies. we have no concern that the antibodies will not cover this virus. there is a lot of reasons to be optimistic right now. in fact if there is a downward mutation in dangerousness of it, it is less virulent, that may be a silver lining that would transmit in a less dangerous form. we have to recognize that we have therapeutics, coronavirus drugs, green-lighted by the fda yesterday, pfizer's drug coming on soon, fluxomine already on the shelf and underrecognized. brian: doctor, you are not telling us much. it appears not to be more virulent and the vaccine appears
6:06 pm
to work yet we're hearing from dr. fauci the possibility of booster mandates, this as we get all of these court rulings saying sorry you can't do that. the confusion is multiplying already. doctor, why the panic type steps when we know so little what is happening with the strain? >> you know the doctor in south africa said there is absolutely no need to panic, i wouldn't mind if she came to the united states to be one of our public health officials. that is the kind of assurance the public need right now. there is no evidence to suggest we'll be in trouble with omicron. we have to show humility to wait for formal studies to be done. there was not any true evidence there was a spike in south africa. the testing rate went up, relatively positivity rate went down, not up. that is misinterpreted in the data from south africa. if you go straight to boosters, i don't understand how the very first response to omicron is talking about boosting a young
6:07 pm
person who may have already had natural immunity, that makes no sense. boosters are a separate issue and our problem is not that we're underboosted. our problem is we have adults with no immunity, no vaccinated or natural immunity who have risk factors. they are the ones showing up in the hospital right now. brian: doctor, we've got these, we had some travel restrictions instituted right after this strain started making headlines. there is talk potentially of more travel restrictions on u.s. citizens in fact coming back into the country. you have the governor of new york saying forget about elective surgeries for a while. it seems to me we're back in that situation where we're looking at just one thing, the spread of the strain and we're just not considering the other life effects that are happening here. doctor, have we not learned anything about this just one dim men's dimensional approach to
6:08 pm
the virus. >> i'm afraid we're not learning lessons we should be learning right now. the real story in new york, brian, one in five health care workers left the profession. it is because of a number of factors. not feeling appreciated. being treated poorly. the hard circumstances, not being supported and then the indiscriminate vaccine mandate which did not account for natural immunity which many people had jumping on the grenade when covid hit this country. they are having a staffing crisis in new york and they're masquerading it we're trying to be on top of omicron before it comes to the united states. let's be honest call a spade a spade what is happening there. on the travel ban, travel ban is not a travel ban. when you have good specific testing like we do now you don't need to do travel bans when we did whether we had no testing last year. so they're very different. we're punishing countries now being honest about their variants. brian: i think the troubling thing from a lot of peoples perspective there is a sense we
6:09 pm
got to live with this this is endemic. we have to find a bath forward, but strikes me, and many people we're not learning how to live with it. when you look at something like omicron, do you see a strain -- we have to live with it, this is one we can live with, doctor. talk to me, doctor, about what live with it policy looks like. >> say you're fully vaccinated in the united states right now. look at data of cdc what risk of hospitalization is. it is 1 iyou're fairly well-pro. you should feel good about that immunity. in pennsylvania they have a 95% vaccination rate among adults. that is as good as it will get. remainder, probably most have natural immunity. they're still seeing cases circulate. it is not resulting in an influx of hospitalized patients. we have to learn to live with a virus that will circulate season to season. i don't think people are prepared for that because in part public health officials
6:10 pm
said there will be a finish line. we'll get back to normal. then they started moving the goalpost and they weren't honest with people. brian: public health officials seem to love to hit the emergency button, doctor. seems like the wrong approach right now. appreciate your perspective as always, dr. marty makary. >> thank you, brian. brian: social media censorship. twitter not allowing us to use photos or videos from another person without permission. how is this being monitored, is it giving the social media giant too much power? up next budget committee member jason smith and former council of economics chair thomas phillipson. government funding set to run out on friday, a debt ceiling approaching and a push to get the democrats costly build back better plan which still faces hurdles even from democrats. we look at it what it could mean for your wallet coming up.
6:11 pm
♪ (man) still asleep. (woman vo) so, where to next? (vo) reflect on the past, celebrate the future. with the season of audi.
6:12 pm
your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. vi trelegy for copd.e ♪ birds flyin' high ♪ ♪ you know how i feel ♪ (coughing) ♪ breeze driftin' on by ♪ ♪ you know how i feel ♪ copd may have gotten you here, but you decide what's next. start a new day with trelegy. ♪ ...feelin' good ♪ no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis.
6:13 pm
call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. take a stand and start a new day with trelegy. ask your doctor about once-daily trelegy. and save at trelegy.com. hey, angie! you forgot your phone! ask your doctor about once-daily trelegy. hey lou! angie forget her phone again? yep. lou! mom said she could save up to $400 on her wireless bill by switching to xfinity internet and mobile. with nationwide 5g at no extra cost. and lou! on the most reliable network, lou! smart kid, bill. oh oh so true. and now, the moon christmas special.
6:14 pm
gotta go! take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes switching fast and easy this holiday season. ♪. brian: no deal in sight as congress nears the december 15th deadline to raise the federal debt limit and a friday deadline to continue government funding. house freedom caucus today asking minority leader
6:15 pm
mitch mcconnell to force a shutdown. we have house ways and means committee member, congressman jason smith. congressman, you have to start with a timeline. we'll start with you. what does it look like over the next few days into next week? what happens when, when do we get to the big deadlines and what do you expect to happen? >> you know, it is like groundhog day over and over here in congress. democrats continue to wait until the very last moment to try to pass the basic duties, just to fund government. of course government was supposed to be funded just to keep the lights on at the end of september. of course their number one priority has been to force through this huge reconciliation tax-and-spending package. that has been their number one priority to spend roughly 5 trillion more dollars. we're coming to expiration on friday, to, to, have another
6:16 pm
government shut down. they're trying to rush slew another continuing resolution at the last moment. we'll see if they can make it. brian: thomas, you look at our economy for a second. we'll look where the risks are, where the needs are, to the congressman's point you have some pretty immediate things going on. does the government shut down or not? do we pay our bills? do we raise the debt ceiling or not? yet all of the focus has been on the spending bill. if you want to get this economy moving, wouldn't you start with the immediate problems and not the spending boondoggle? >> yeah. i think you're right. this is the reality check coming in for the white house. the white house has said which from one outside of the white house understands that this bill will cost zero. they're telling the american people that. generous interpretation of that is that the debt will not increase. taxes will actual cover the spending but if that's the case,
6:17 pm
then why are democrats freaking out about the debt limit? it shouldn't be such a big deal if this new spending deal is not adding debt. same with cbo. cbo came out with a score of this which most economists don't believe is, sort of reliable and that it is only about couple hundred billion in the red and you could easily cut the spending bill and get the debt -- no added debt and it wouldn't be a problem. so i think this is what economists call talk is cheap. that is what is going on in d.c. you're not saying it will cost anything yet. -- including the white house this will run up the debt enormously that is why the debt fight is kind of on the table. brian: congressman, talk is cheap and also is expensive in situations like this where you have real needs in the economy, they're being ignored. republicans now saying, look,
6:18 pm
drop all the vaccine mandate talk. we'll work together funding the government but you got to drop this. we've seen that courts already said drop it. we talked to public health officials. they said it is not working. do you see any chance, congressman, democrats and the president back away from vaccine mandate talk? >> boy, i will tell you, these vaccine mandates are, the most egregious, unconstitutional, unconstitutional aspect of government that we've seen in a very, very long time. the courts, the courts have put stays on numerous of the executive orders and the democrats, they just need to, they need to follow through. step back and allow the courts to, to follow through and to hear these cases. they need to just fund government and not fund these unconstitutional vaccine mandates. they need to keep the lights on. allow government to operate and not fund these unconstitutional
6:19 pm
vaccine mandates. it only washington, d.c., only in washington, d.c., would you spend trillions of dollars and say, that it is not going to add to the debt and it is not going to cost anything. what a joke. even the cbo said that this huge spending package was going to cost $800 billion in five years. i have mean this administration, they said that the spending package wasn't going to cost anything. they also said they would never do vaccine mandates and then they did vaccine mandates. everything they have touched has turned into a crisis. whether it is the border, whether it is inflation, whether it is the energy crisis. the american people have had enough. they don't want anymore of this biden america. brian: thomas, that might be why the president is still selling this spending plan hard. he is now turning to bill nye the science guy, you heard of him for a tiktok video getting
6:20 pm
roasted online. thomas, watch this. i will get your reaction. >> please consider the following, if you're like me you want the u.s. to be a bit -- we have two bills. i'm not either one of them. this would be something for people of all ages to get good union jobs here in the united states. so that we can working together build back better. >> using my line. >> the progress of science and useful arts is in the constitution. come on, everybody, what is not to love. just trying to change the world here people. >> we're going to change the world. >> infrastructure is cool. brian: thomas, that is economic salesmanship apparently. strikes me the message might not be so strong if you're selling it that way. reaction to that video. >> it was kind of funny, i want to come back to the vaccine mandate, because i think it is very important. it is not only a legal issue, but it's a policy issue that is misguided. what they're doing, eventually putting vaccine mandates on tax
6:21 pm
paying workers. what they could have done is to put mandates if they wanted it to spending receiving programs participants. with we -- we do that in other cases requiring kids in public schools to get vaccinated that would have been the more appropriate policy. the reason is that, vaccine hesitancy now is showing up as unemployment. people don't want to take the vaccine. however if you do the opposite way, vaccine hesitancy would show up as people want to get jobs or work to avoid the public programs. so i think there are different ememployment effects if you would have done it the right way. brian: best employment effect, be smart, make your own choices, consult your doctor. do the best for you. that is not the possibility we get. thank you, tom mass and congressman jason smith. we appreciate it. still to come this hour opec
6:22 pm
kicking off the two-day meeting today as oil and gas prices remain high and the white house is pressuring the group to increase out put. will the omicron variant impact the decision on out put levels? congressman lee zeldin on rising inflation. even the dollar store no longer charging a dollar. jerome powell shifting away it is transitory, now warning it will last well into next year. his massive government spending fueling the problem. keep it here on "the evening edit". this... is the planning effect. this is how it feels to have a dedicated fidelity advisor looking at your full financial picture. this is what it's like to have a comprehensive wealth plan with tax-smart investing strategies designed to help you keep more of what you earn. and set aside more for things like healthcare, or whatever comes down the road. this is "the planning effect" from fidelity.
6:23 pm
or whatever comes down the road. today, things can be pretty unexpected. but your customers, they still expect things to be simple. and they want it all personalized. with ibm, you can do both. businesses like insurers can automate it processes across clouds. so agents can spend more time on customer needs. and whatever comes your way, you've got it covered. saving time and improving customer service, that's why so many businesses work, with ibm.
6:24 pm
(vo) what's better than giving a better phone this holiday season? oh! i know, i know. giving a better phone on a better network. how much better? ranked #1 in network reliability 16 times in a row better. the most awarded for network quality a whopping 27 times by j.d. power better. yeah. and verizon is ranked #1 in customer satisfaction for small business wireless service better. this round's on me. holiday better with 5g from america's most reliable network. because everyone deserves better. [ kimberly ] before clearchoice, my dental health was so bad i would be in a lot of pain. i was unable to eat. it was very hard. kimberly came to clearchoice with a bunch of missing teeth, struggling with pain, with dental disease. clearchoice dental implants solved her dental issues. [ kimberly ] i feel so much better. i feel energized to go outside and play with my daughter. i can ate anything. like, i don't have to worry. clearchoice changed my life.
6:25 pm
6:26 pm
♪. brian: bargain shoppers be warned. dollar tree is ditching it is signature one dollar items as prices continue to rise across the country but how are customers reacting? let's to too lydia hu in new jersey with more. reporter: brian, for the first time in 35 years the dollar tree is raising the prices on its items from one dollar to $1.25 for most products. as you can imagine, it is a move that has customers outside of this store divided. >> it had to happen. everything can't stay for a dollar forever. it had to hop honestly. >> it is disappointing about something for that dollar. not much a dollar can buy these day. >> dollar stores, says dollar stores, you paying $1.50, dollar tree was only committed
6:27 pm
one. everything was a dollar. $1.25 i would still support it. reporter: the dollar tree 25% price hike comes as the company is grappling with rising wage costs, freight costs both which cut into the company's profit margin that usually hovers around 35%. the retailer says by charging an extra quarter for its products it will bring the margin closer to the 35 to 36% level. but it can't be denied that customers that are shopping here are looking for a bargain and in fact most recent data shows that spending at discount stores like the dollar tree was up by 59% the weekending november 21st over the same week in in 2019. dollar tree executives acknowledge their customers are already feeling the pinch from rising fuel and gas costs but they are confident that their customers won't abandon them now. that is consistent with what
6:28 pm
we're hearing from shoppers outside of this dollar tree who say, they will continue to shop even if they're not happy about paying another 25 cents for a product. now the change goes into effect starting this month in december. 2,000 stores roll out the new 1.25 price point. all 8,000 stores will make transition first couple months of next year. back to you. brian: lydia, thank you, president biden today boasting that his economic plans are successfully combating price increases. listen. >> prices are still out of sync as the world comes back but i have not been content to sit back and wait. i have used every tool available to address the price increases and it is working. brian: joining me now is house financial services committee member, new york congressman lee zeldin. great to have you with us. the president, congressman, is doing everything he can to get price increases under control.
6:29 pm
owe says, except he won't stop talking about all the spending. what do you think about the president's statement today, congressman? >> it was a lot of spin coming out of the white house. they're trying to sell their build back broke plan. they call it the build back better plan. if you want to play out the consequences of increased spending on one side we could talk about spending trillions of dollars of money we don't have, what does it mean for the debt and the deficit? looking at some ways they look to pay for some of that. for example, raising the tax rate on corporations. so when weigh have an issue right now like the story you just played of the dollar store charging $1.25 instead it is important for us to have a conversation as to why that is. you're mentioning the cost of wages, the shortage of employees, the supply chain issues. but actually if you dig down deep into the details of what is being pushed by the president,
6:30 pm
the white house and congressional democrats right now, it is not just trillions of dollars of more spending we don't have. also on the tax side it will increase costs, we'll see inflation, continuing to rise and getting to your question, unfortunately it's a whole lot of spin. brian: so we've, this week we find that the head of the fed, jay powell says, you know what? we'll not call inflation transitory anymore. we're done with that name. this seems to be sort of a turning point, congressman? it looks like politicians have no choice but to say, this inflation is real, it is going to be here a while. do you think that may lead to some changes in where the administration goes with policy, or is this simply going to be blame it on somebody else and keep moving ahead with the idealogical agenda? >> i think he will keep moving forward with the idealogical agenda to be honest with you and today the house financial services committee i serve on had a hearing with chairman
6:31 pm
powell with secretary yellen. this was a topic of conversation. it was a topic of my back and forth with the secretary and the chairman. chairman powell talks about how experts are predicting that the second half of next year will see some relief as it relates to inflation. what i was trying to get, in my back and forth with chairman powell whether or not these economists are predicting that we are going to be passing this build back better broke bill and other bills? is that an assumption that is being made in that estimate? does chairman powell agree with that estimate? it is good progress to stop using the word transitory but unfortunately some of the policies that are getting pushed, i think it is only going to lead to inflation rising. we may not get the relief second half of next year. brian: congressman, really quickly, how concerned are you some of the emergency knee-jerk responses to the omicron strain
6:32 pm
and what that might do to supply chains and inflation? >> greatly concerned. i'm no new york. we saw a state of emergency declared week by the governor. we have people who need to get their necessary medical care and, prematurely shutting down that type of access to case has huge ramifications. we have the health care worker shortage on top of it. we need to learn more about this new strain. there is going to be additional strains that will come up. they in many cases will be more mild. we need to get our facts, make decisions based on science, not politics. brian: find a way to live with it. congressman, always appreciate your perspective. thanks for joining us today. >> thank you. brian: up next "the daily caller"'s vince collagnese on social media censorship. twitter no longer allowing users to share photos and videos from another person without permission. is it giving the social media
6:33 pm
giant too much power. you're watching the evening edit on fox business. the living room slash yoga shanti slash regional office slash... and this is the basement slash panic room. maybe what your family needs is a vacation home slash vacation home. find yours on the vrbo app.
6:34 pm
6:35 pm
that's a nice truck. yeah, it's the chevy silverado. check out this multi-flex tailgate. multi-flex, huh? wow. it becomes a step. mom, dad's flexing again. that's not all. you can extend the bed for longer stuff. is he still... still flexing. that's right! and, it becomes a workspace... you can put your laptop here. i'm sending an imaginay email. hey dad, dinner! hey! look who stopped by daddy's office. wait, you work here? the chevy silverado with the available multi-flex tailgate. find new flexibility. find new roads. chevrolet.
6:36 pm
6:37 pm
♪. brian: a new twitter policy bans users from sharing private media such as photos or videos of another person without their permission. a move that the company says is about improving privacy and security but critics are saying it is another step towards censorship. kelly o'grady has more on this. reporter: brian on the heels of jack dorsey stepping down as ceo of twitter it is preventing sharing of photos or videos of private individuals without permission. critics says this new policy equates to censorship. social media platforms are the modern version of the town square where most debate takes place. the move is drawing questions what even constitutes a public or private figure. let's dig into that. in a statement to fox business twitter indicated political leaders, c-suite executives, public speakerss any person
6:38 pm
written about in the press qualifieds as public. adele and hunter biden would be public figures but our camera crews here at fox would not. they clarified showing individuals at public protest would generally not violate the policy or videos appearing on mainstream outlets. the complicating factor that news breaks on social media that propells content to most traditional outlets. what is getting most backlash is the out twitter gives itself. person told fox business that media would be reviewed on case-by-case basis. our consistent policy includes exceptions to enable robust reporting on news and conversations in the public interest. as a result critics are accusing twitter keeping media on ad hoc basis judging what narratives are allowed to spread and what content users should engage with. some users wonder whether we heading toward a more dangerous future.
6:39 pm
begs the larger question what role do we want twitter to play in shaping the public discourse. back to you, brian. brian: kelly, thank you. joining me now "the daily caller"'s vince collagnese. thanks for joining us. really interesting story. glad to have your perspective on it. what is your take on twitter's move? is this really security and privacy in your view? >> i think it is very worrisome. it is recipe for tyrannical disruption of the public discourse. we have a black box no one knows how twitter will make the decisions until they're actually made and what i fear here twitter is going to use this newly declared power to punish citizen journalists, basically say anybody who decided they wanted to share something they believe to be newsworthy in their community, the second someone within that footage objects to it, that gets removed right from the public discourse and it could be on the basis of politics f twitter decides they want to protect antifa members
6:40 pm
who are messing up a city, who don't want to be videotaped or photographed as they often say when cameras are raised, will twitter work on their behalf? this is very worrisome. brian: looks to be rife with arbitrariness. look at the criteria for judging. it is kind of on a case-by-case basis. we'll make exceptions and context matters that sounds fine in theory but in practice how do you protect that from becoming slanted to the prevailing view of folks running the show at twitter? >> we've already seen their power in practice and slanting things in a political way. the best example of course in the 2020 election, in the final days we saw the hunter biden story published by "the new york post." perfectly legitimate story, nuked by giant social media companies include twitter. they since signaled regretted that. guess who said said that, old ceo jack dorsey indicated he regretted that. will the new ceo regret that kind of behavior.
6:41 pm
remains to be seen. brian: so much is broken on social media, when it comes to things like mass looting, for example, for example, people get stories and images in real time. it is important for us to see that. you see it up on your screen now. will we lose this? this seems to be one of those situations in social media where it has been positive, it has been helpful to capture this, get this moving. is this what's at risk with this policy, vince? >> totally at risk. 100%. i mean, so i guess the idea here is, because the person who is smashing and grabbing products out of this store up until that point hasn't been considered a public figure, they get to say that content need to be immediately taken down from twitter? what a preposterous policy. of course it is in the public interest when you see your community being destroyed and capture it on camera. share it with the hopes of getting to the bottom of it and solving it. that is journal i. sharing facts with the public. i do fear that twitter will get
6:42 pm
in the way in a big way, really distort the public discourse. brian: vince looks a lot like the way to get in the middle of important news and information being reported by people on the streets seeing it live. i hate to see that happen in this moment. vince, thank you for your perspective. thank you. >> thank you so much. brian: up next energy expert phil flynn on opec kicking off its two-day meeting today as oil and gas prices remain high. the white house is pressuring the group to increase out put. will the omicron variant impact the decision on out put levels? we investigate coming up. has te the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care,
6:43 pm
you get a different kind of bank. truist. born to care.
6:44 pm
6:45 pm
6:46 pm
♪. brian: a group of some of the world's most powerful oil producers meeting this week to discuss output levels amid growing concerns about the omicron covid variant and the impact it could have on energy demand. oil falling into bear market territory today. joining us now to discuss is fox news contributor an price futures group senior analyst,
6:47 pm
phil flynn. phil, great to have you with us. we have the opec meeting this week. it's a big one. what do you expect? >> i think this is an epic meeting because there is so much drama behind it. it is not just about barrels of oil. it is about politics. this is the cartel that snubbed the biden administration when they asked them to raise production. the biden administration strike back, we'll release oil from the strategic petroleum reserve. and now you have this extra added concern about this new virus, brian, going throughout america that could kill demand and it created unprecedented turbulence in the oil market the last couple days. >> phil, it is still hard for me -- looks like we lost audio from phil? >> test, one, two, three, four. we're good. brian: phil, we got you. we can hear you. i want to get your take on this.
6:48 pm
you brought up strategic petroleum reserves, will that backfire, rather than helping consumers backfire because it will play very badly at the opec meeting? >> i think it already has. most of that oil believe it or not doesn't even end up here in america because it is not the type of oil we use. ending up in places like china and india. it is not helping bringing down the gasoline prices. it also was a political misstep. already the biden administration has terrible relationships with the guys who control the spigot, both saudi arabia and russia. things are not very close right now. this is only antagonizing the situation. while the coronavirus variant, omicron, could slow demand a little bit at the end of the day this is providing opec cover not to raise production and leave the american consumerses paying more in the long run. brian: phil, what just kills me here, you talk about opec and russia and saudi arabia controlling the spigot. it was not long ago that america
6:49 pm
controlled the spigot. we didn't have to worry about whether saudi arabia wanted to increase or russia wanted to increase. we were controlling. we were the swing producers there. phil, there any chance that, unthis administration we get back to the point where we own our own energy future? >> under this administration, i don't have a lot of hope, brian, i'm sorry to say and it is a real shame because i will tell you what? the only thing that kept opec and russia in line was u.s. as a energy producer. they sense blood on the streets. they realize they control the price. that is why the biden administration is so frustrated with being unable to keep inflation down. listen, the biden administration policies gave opec and russia an open market and they took advantage of it and we're paying the price here at home. brian: phil, are we just going to be looking when it comes to oil, natural gas, heating oil, with omicron and strains to follow, will it just be up and
6:50 pm
down, up and down because people in the market can't predict what governments will do? they seem to want to hit the emergency button or hit the shutdown or restrictions button, what does that mean in your opinion for oil markets the next six to 12 months. >> volatility. lots of movement. a lot of uncertainty. at least we have a playbook to go by, brian. we saw this with the delta virus, delta variant. when the delta variant first came down we saw the similar type of selloff, a lot of volatility, and then we started to realize the bark was worse than the bite. if that is the case with the new variant, it is mild and we don't see major shutdowns the prices could absolutely explode down the road. brian: phil, it really is hard to see america make moves that make our situation worse when it comes to energy. i feel like that is what we're seeing right now, especially in recent days. always appreciate the perspective on opec, thanks very much for joining us, phil flynn.
6:51 pm
>> thanks, brian. brian: up next texas attorney general ken paxton on the border crisis. texas border landowners are telling the federal government pay up for damages done to their property by migrants as more cross into our country. keep it here on fox business and hard work. over time, i've come to add a fourth: be curious. be curious about the world around us, and then go. go with an open heart, and you will find inspiration anew. viking. exploring the world in comfort.
6:52 pm
it's another day. and anything could happen.
6:53 pm
it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities.
6:54 pm
6:55 pm
welcome back. joining us now, texas attorney general ken paxton, local land orders channel in the southern for now asking the federal government for money to pay for damages caused by migrants trespassing on their property. listen to what susan of south texas property rights association says about the damages they are dealing with. >> drive through the through gates, fences, illegals walking through private property, destroying, breaking in and it's getting very expensive and we've heard nothing the federal government on help for private property owners. >> the land owners should be able to enjoy and profit from their lands of guaranteed by the u.s. and texas constitution.
6:56 pm
>> your reaction to what's happening with the landowners? >> i talked to susan and a lot of landowners down there. she has right. the property is being damaged. they are scared because they don't know who's crossing their property or don't know if it's cartel or drug runners and they are losing both property and damage to their livestock so it makes it hard for them to do business and many of them, i've seen ranchers shut down, it is a cost to the ranchers. >> we hear almost nothing about this, it's a dimension in the story but those almost totally unreported on. it's not just that you have your business disrupted, workers don't want to be in the areas where they feel unsafe but as far as i'm hearing from of the federal government's response is complete silence, you think it will change? >> i certainly hope so. this is where it would help of the biden administration would send people down, if the president or vice president would come and communicate with the landowners and get a sense
6:57 pm
of what they are going through, the fears they have and dealing with the economic cost. i think if they have the conversations, they couldn't help but want to help the landowners with some of the costs they are incurring as a result of the federal government open border. >> we are talking ranchers and large land owners, talk about folks with want to shops smaller properties and businesses. it's not just if you are right there on the border with land on the border, it's a huge radius economically impacted, talk about what you are seeing in texas. >> what happened in del rio, a relatively small town of 36000 people and 18000 on the border. the food and water and found enough resources, along the border i talked to democrats and republicans, it doesn't matter. they are all being impacted are leaving and not able to run their business so it eventually
6:58 pm
is going to infect the entire border and what we can do out there. >> let's switch gears and talk about the omicron strain, we are to seeing travel restrictions, some are in place, some are being flooded. you think about that and then the southern border, we are so stringent on americans coming back into america but on the southern border were not even going to touch it. talk about how that plays for the books particularly working on the water trying to enforce these policies and manage what's going on, they can see the dichotomy, how they feel about that? >> i think they are confused. computers are angry because they realize the cover standard here. they're talking about travel restrictions you might be quarantined, you have to get tested to commit are you cannot come in if you are an american citizen or noncitizen through the air. if you come across illegally,
6:59 pm
you're right, you have to be vaccinated, you're not vaccinated and not even tested which means the federal government doesn't even want to know if you have coded covid and they send you across the country which is incredibly frustrated, it should be frustrating to any state having people come in because they are all going to be affected by the spread of covid. >> we've got caravans, more caravans on the way, we've got that coming, quickly, what can you tell us about what's ahead with the caravan? >> it's only getting worse, not better. we have record numbers of people coming across the border and hasn't changed since biden came into office. the numbers are continuing to go up because he's inviting them to come in violation of federal law and i think we will see more of the same, festival of the biden administration they are doing nothing that works to stop illegal immigration, they are only inviting more and.
7:00 pm
>> bad news especially when we got a lot of things to deal with. always appreciate your perspective, thank you for joining us. >> thank you, have a great day. >> i'm in for elizabeth mcdonnell, you're watching the evening edit on foxbusiness. that does it for us tonight, thanks for watching, have a good evening. ♪♪ kennedy: is here, omicron. it is now the united states, sergey says americans have to be prepared for the worst. problem is, he has this much credibility a half the country hates him and he kills puppies so why on earth is he still running the show here? for months, he's been accused of being drunk on power, republicans say he's nothing more than a partisan hack and he never seems to give a straight answer or he just flat out lies especially when he's got a tough question lod

14 Views

info Stream Only

Uploaded by TV Archive on