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tv   Cavuto Coast to Coast  FOX Business  December 13, 2021 12:00pm-2:00pm EST

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i thought shanghai and delhi was the most obvious. stuart: do the reveal. please. technical error. the story is tokyo is the most populous city in the world. tokyo has 37.4 million residents. we'll fix the graphic for the next trivia question. time is up for me. but, neil, it is yours. neil: thank you, very, very much, stuart. we're seeing the selloff, the dow off 304 points. amid the first sign after fatality related to this variant in britain. we'll detail that for you and upcoming federal reserve polly making committee, what is going to happen there and of course concerns whether you're for or against this big spending package, whether it comes to fruition with the few days remaining of congress to get
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something done before the holidays. we'll keep on top of that. obviously the most pressing issue has nothing to do with money but the devastating tornadoes that wreaked havoc on six states in the south, most notably from in kentucky. grady trimble with the latest from mayfield, kentucky. grady. reporter: we learned from the governor that 64 people have been killed and the town of mayfield at least from a infrastructure standpoint basically wiped off the map. this is an old school bus deet poe what used to be. you see water pouring down from the building. i'm told that was the water treatment plant. if you keep looking a little bit farther, you see houses, in the middle of a neighborhood essentially. downtown looks quite similar, everywhere you look, destruction, not a building spared from the courthouses to the banks, to the post office. just about everything you need to have a town or a community is
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gone and today, people are coming back into mayfield. i spoke to a gentleman at his aunt's house just across the street here. unfortunately she is one of the 64 who passed away. he was going through old photos, jewelry, anything he could find to keep her memory alive, family heirlooms, you name it. he described how horrible this is especially now going into christmas. listen. >> it will not be the same but we know she is with jesus and with her husband and other family members because she was a good woman, a christian woman, we have no doubt she is in heaven. reporter: about a mile up the road from here is the candle factory you may have heard us talking about. the ceo there has been keeping in touch with us throughout the morning and there is, i guess you could call it some good news to report. that is that they keep finding people, fortunately alive.
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they thought the number was going to be a lot higher in terms of the bodies inside of the building, but every person they find they take the tally down. there are only six people missing from that building but you can imagine, neil, this is a community absolutely devastated and destroyed this storm as we mentioned, going into the holidays a terrible time for this to happen if there ever is a good time. they are focused on rebuilding. there are several funds set up through the state of kentucky, through the county in graves county where mayfield is located, through the candle factory which is one of the largest employers in this community. they are vowing that they will rebuild. they say we're a resilient people. despite all of this destruction around us we will come back. neil? neil: grady trimble thank you very much for that. now to what is going on in arkansas, hunter davis is there in truman, with more. how are things looking there now, hunter?
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reporter: hi, neil. we've been covering this for three days now. our first day was spent in monette, arkansas, where we had a confirmed death in that nursing home. our second day was a bleachville, arkansas, where we had the confirmed death in a dollar general. this is where it all started. this is where a ef-3 tornado originated in truman. we could see that number go up as they continue to assess the damage. that will take days though. it is clear why that will take a while here in truman, arkansas. we have been to three different areas in the city. it is really hard to get around. most of the roadways are blocked off due to the amount of the debris. this shot is giving you a good reflection what the rest of the
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city looks like. this is 20 miles from that nursing home that i mentioned and that dollar general. really just gives you some good bearings so you know exactly where we are here. the fire department actually, their roof was ripped off, their firehouse destroyed and responded over to monette where they needed the help once that nursing home called for the help getting evacuated. back out here though homes destroyed. governor asa hutchinson says hundreds and hundreds of homes have been destroyed. businesses have also been damaged. we have absolutely seen that here today. bringing you toward this shot of this tree, we're kind of navigating these scenes as safely as possible. we've also confirmed with the power companies here on the ground all of these wires are not live that we're stepping over. just want to confirm we are keeping that safety in mind as we bring you over here to this tree. look at it, just completely uprooted, knocked over on its
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side. you can see the metal just wrapped around this tree. this storm basically took homes t took buildings. it took garages, crumbled it up into a ball, tossed it, littered it all over the city. like i said we've gone within a mile radius around here in the city and there is damage everywhere. interesting thing, you see all the damage, it is some lar to a war zone. but you drive a mile, two miles, there are christmas decorations hanging. there are bicycles in the front yard. it is really hard to imagine you will turn the corner to see this type of devastation. this city definitely right in the path of that tornado. the focus today though, really in the days moving forward is that recovery. the governor saying over the weekend they wanted to make sure they had an accurate number of all their citizens. they wanted to make sure everyone was safe, that everyone was accounted for. he said the second they finished that, the new goal would be getting people back online,
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getting people resources, shelter they might need. getting accurate numbers for the damage assessments so people get financial help they might need. sending this back to you, neil. neil: hunter, thank you very much for that, hunt are davis there in trumann, arkansas. this hit six states throughout the south. tennessee was among them. congressman chuck fleishmann, the tennessee republican congressman kind enough to join us now. what is the latest you're hearing from your district and state, congressman? >> well, neil, fortunately in east tennessee where i am right now we have not mad the devastation. most of the devastation has occurred in middle and west tennessee. all six states obviously have been affected. my thoughts and prayers go out to these folks. in my 10 years in congress we've gone through this three times. i cannot describe the magnitude of the death, devastation, where
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once neighborhoods stood just hours ago, beautiful, vibrant neighborhoods, they're wiped out. and the magnitude of the disasters from these tornadoes are not only immediate but the devastation but, i can go through places where 10 years ago in my district these devastating tornadoes hit. you can still see the scars. so to all of those affected, neil, i want to say this, as the ranking member of the highest republican on homeland security we fund fema. fema has in my view done a very good job of getting aid out, working with state partners in tennessee or appropriate state agency in other states be it kentucky or arkansas or the other affected communities. we will work to get this, get past this, to help those affected but my thoughts and
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prayers, my heart breaks for these folks. neil: you know, congressman, obviously the search continues, just the sheer amount of devastation continues right now. do you know much more than we did, let's say, 48 hours ago about the warning and how much advanced warning there was given to people in the affected areas including your own? >> in my area we have set up subsequent to three horrific, devastating tornadoes. one i was in congress about four months and it hit. my first two years, then easter sunday a few years ago. we have large warning towers out there and sirens and done generally a good job. i can't speak for the other affected areas that have been hit. but these tornadoes are large, they're strong, they're indiscriminate, the way they go through. just reporting basically said
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you can go from a neighborhood left untouch to a neighborhood that is no longer. i can vividly remember walking through, neil, neighborhoods they were unrecognizable. foundations, rubble everywhere. just sheer and utter devastation. until you experienced that on the ground, seen the human impact, it is almost inscribable. neil: that is an understatement. congressman, thank you for taking the time. please keep us posted, sir. chuck fleishmann, republican tennessee congressman on top of these latest developments that affected a wide swath of the southeast, into the middle south of the country. stan hays is trying to help out where he can with operation barbecue relief. he is the ceo. he is there when a lot of those who are part of the rescue attempt, just trying to dig out could use a little backup and support. stan, very good to have you. maybe explain a little bit what you know, what operation barbecue relieve is all about?
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>> yes. thank you, neil. really operation barbecue relief is about bringing the healing power of barbecue to communities, right? after a disaster we want to provide a hot, comforting meal to those in need, those first-responders coming to the community to help them. so, you know, that is really the genesis of the organization is to feed people after disasters. my team rolled in yesterday. got things set up by the time the son was going down last night. they were able to provide 300 meals just getting on the ground yesterday. neil: that is incredible, you were also dealing with power outages. how do you do that? >> well we travel with our own power units. so we were able to power the area up, get our smokers going. we brought in our own refrigeration. so we had some quick stuff we were able to put out but we brought the firepower. we have the capability by
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probably end of the day tomorrow to be putting out up to, upwards of 25,000 meals a day into not just the mayfield community but the communities that surround the area that have been impacted as well. neil: just amazing. doing the lord's work. stan you hear that a lot. i'm wondering when you get to see the devastation for yourself, your men and women do, what can you tell us? >> well, i can tell you from the first-hand accounts of my scouts on the ground yesterday morning, that it was very much like when we got to joplin just a little over 10 years ago, how bad that damage is. i remind people i never saw a picture or video as good as they were in joplin that ever really told the true story of the damage and devastation. the pictures i'm receiving, you know from people on the ground right now are just horrible and so, i know that that means it is much worse than what i'm actually seeing in those
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pictures. neil: just incredible. stan, thank you and your people for all they're doing. greatly appreciated for the folks who are dealing with much, much more. right now what we can tell you right now in the latest update we've gotten from andy beshear, kentucky governor, the damage is widespread at a minimum. six people known dead. fears it could well go over 100. the damage to the state of kentucky alone is incalcuable. stay with us. your record label is taking off.
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♪. neil: it is all about the joes, joe biden, joe manchin. they're scheduled a to meet sometime today to resolve the spending stalemate over the huge 2 trillion-dollar package, but now separate reports say close to 5 trillion-dollar when all said and done. you can argue over the semantics and particulars but right now we're looking at the calendar. chad pergram with the latest from capitol hill. where does this all stand? reporter: inflation is at 40-year high. why joe manchin has reservations about the build back better bill. he will talk about those with president biden later today. republicans highlight analysis from the congressional budget
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offers that the bill may be more expensive than originally thought perhaps high pass 4 trillion-dollars, when stretched out over a decade. >> they were answering the question correctly, but the question was wrong. they are not extended indefinitely. so they're answering a hypothetical question on a bill that doesn't exist. reporter: democrats say it is cheaper because the bill does not run as long and democrats are starting to lose time if they're going to pass this by christmas. >> often like to finish legislative work by christmas just because congress needs a deadline f legislation is open-ended it is never going to pass. schumer has tried to impose a christmas deadline to enforce actions on the part of the senate. reporter: house speaker nancy pelosi even suggested the house could pass the senate version by december 25th. you think you could move so
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expeditiously, once you get it back you could move this through the holidays? >> all your questions about what you will do for the holidays. we feel very confident what is in build back better we know some possibilities are, and, would be my hope that we have this bill done before the christmas vacation. reporter: this week aides meet with the senate parliamentarian. they need to see if the bill complies with senate budget rules, neil? neil: thank you very much for that. chad pergram on capitol hill following these developments. let's go to tom bevan, the "realclearpolitics" cofounder. tom say this doesn't happen this year, seems to be her cue leeann push, but they have cone things before but seems unlikely. then what? >> they will go after the christmas break, take it into the new year. the closer to the midterms, theoretically the tougher it
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will be for all of these moderates in the house in particular to take these votes. we'll begin the primary season. so they really do want, and probably need to get this done by the end of the year but i share your skepticism it is going to happen, neil. neil: let me ask you, tom, you look at the various polls, they're all over the map, the consensus voters are generally are frustrate straighted but undecided voters seemed incline to support this legislation than others and this might be a way for the administration to convince, skeptical moderates, do this, there are all good things to come of it. how is that argument going down? >> well, it is the best argument they have and there is the "abc news poll" out this morning that has, earlier over the weekend that has pretty bad numbers for joe biden. here's the problem, while biden gets a majority of folks approve of his handling of covid and of
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infrastructure, 53%, the problem most pressing concerns of americans is inflation. on that biden get as 2% approval rating, 69% disapprove, including 71% of independents. so the administration still hasn't come up with any sort of argument about why passing this bill, they continue to insist it will tamp down inflation in the long term but that piece of the argument doesn't seem to be going down with voters, let alone with joe manchin in the senate. neil: i wonder if this issue of inflation, connecting it to all the washington spending whether it registers with voters period i have don't know but i do know that there is this sense among many independent voters that they're losing sight of the real problems, like you said, inflation and some of this other stuff at their own danger. what do you make of that? >> i mean, to the extent that it remains about the economy, covid
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has slid down the list of priorities of the american people and while the administration continues to point to good news on the economy, low unemployment numbers, low jobless benefits, jobless claims the problem is inflation is at a 40-year high and doesn't seem to have any sense it is going to abate anytime soon. that is where i think voters all around them every day, gas, food, you name it, they're seeing prices rise. they're seeing prices outstrip any gains made in wages. and so unless and until the democrats can come up with an argument for that to get a handle on one voters are comfortable with, they will continue to struggle particularly with working class americans who are the ones hit the hardest. neil: tom, you have a great history with this stuff and following these election cycles. i'm just curious, if polls are indicating what they are, a year, 10 months out from an election, how much bearing do they have on the final results? it doesn't look good right now
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for democrats. didn't look good back when you know, barack obama was in his first midterm dealing with the controversy over you know the health care plan and the rest or for that matter in 1994 when bill clinton was dealing with issues that later turned into the republican rout of the midterms but how much of what was telegraphed a year prior panned out? >> well, i mean varies from cycle to cycle, a lot is baked in. history working against democrats, working against the incumbent party, they control all the levers of congress and white house there, is anti-incumbent bias historically rears its head and on top of it you have the other issues the biden administration is struggling with. when we see what happened in the off year elections, virginia, new jersey, we see what happens in some of these special elections it does not portend well. does that mean democrats can't
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turn it around? of course they can but we're not seeing any signs of it yet. voters will make their minds up, a lot of voters well prior to the election. so democrats need to make some positive positive change, positive momentum here first and second quarter this year otherwise the cake will be baked and they will be in big trouble. neil: great, thank you, my friend. tom bevan, "realclearpolitics" cofounder. you heard elon musk has another accolade to add to a crowded shelf of accolades besides being the world's richest man. he is "time"'s "person of the year." to celebrate the occasion his stock is getting happy erred. we'll have more after this. ♪.
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♪. neil: all right, we're just learning that president biden plans to travel to kentucky on wednesday to see for himself the devastation of what they're calling this once in a century storm when we get more details of the timing, where hopes to go, in that state he said they wanted to stay out of peoples way here but again the president indicating on wednesday he will go down to kentucky to view the damage for himself. in the meantime as the market continues to swoon right now among the stocks getting pounded are technology stocks and ironically enough tesla, this even with news that elon musk was chosen as "time"'s 2021 "person of the year" but this often times happens by the way. someone who is recognized for a great achievement. they come on bad press, sometimes their companies, rare times it happens when a company titan is featured comes under some duress.
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susan li with us, ray wong, constellation ceo, everybody wants to rule the world. ray wants to rule the world. it is working perfectly. guys, welcome to you. susan, first off the choice by time, reaction of the markets. you could also argue a separate report out today that tesla's stock has come too far too fast, some comeuppance is do. what do you make of it all? >> bear roane's report tesla is stretched, 330 times this year's bookings. i look at it price to earnings stock, more of a ratio of 16 times. i think "time" chose the right guy. who else on the planet is this influential, moves markets with one single tweet, richest man on the planet and everybody pays attention to, you tell me, except for neil cavuto, of course. neil: of course.
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ray, it is interesting, because technology led this multiyear bull market parade. i'm wondering given the "barron's" article, there could be a breakdown, not necessarily a crash but a reorder in the face of high interest rates everyone says that is inevitable. we have not seen that in market rates but what do you make of all that? >> i still think year going to get higher interest rates but is going to be one of the things you will look at. will you get a better return in tech or other asset classes. tech will win. i think we see a dip toward the end of the year as people cash out. the outlook for tesla stock is different because the 42,000 bitcoins tesla owns are down at the moment. i think that is bigger factor than some of the other macrofactors. neil: that is interesting. >> interesting. neil: susan, i'm curious, apple itself is its own little juggernaut here. some would call it technology, entainment mutual fund in one but right now it is closing in
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on $3 trillion market value. what do you make of all of that? >> that is the opposite of the tesla trade, right? with apple, you have a steady cash flow, some call it a bond type of stock. you do have a certain amount of dividends given out each and every year. they buy $100 billion worth of stocks each and every year. that is the main reason why it is the largest holding for berkshire hathaway and warren buffett. think about it, apple at 3 trillion that is larger than the entire german equity market. it is larger than the uk economy. it is incredible. i would pin this on tim cook, the leadership under its ceo, when he took over 10 years ago, apple was only worth $350 billion. in those 10 years it has gone up to $3 trillion, gone up 10 times during that decade. remember when he came in, right, neil? they said he is not innovative. he is not a steve jobs. he is a supply chain type of guy. if you think about it, you have had this iphone saturation. for somebody to step in to say,
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we need to innovate in different ways with services, that includes apple tv, apple care and the like, now that doubles in four years you have to give the credit to the ceo. neil: well you know, we always blame him when something goes wrong, right? you might as well get the accolades when things go right. ray, i'm wondering about the technology, the next big thing, there is a limited time for apple to rely on the core strength of so many businesses as susan outlined, one of things we talk about is the new apple glasses. when google made that attempt, they were just kind of dorky and stupid. >> snap, right. neil: right. is that the next big thing? it wouldn't be the first time, ray, apple found away to do something right that others had failed at doing, sometimes even when it comes to the exact same thing? >> you know, neil, that is a great point and i think people are looking at a
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4 trillion-dollar market cap as they get into cars, as they get into glasses. the glasses are around a bigger part of the story of the metaverse economy. we're seeing reality worlds coming, glasses interfaces will be much bigger than we are today. that is where you're seeing that. we'll see when they actually announce those. there has been a lot of attempts from facebook, to google, to microsoft. getting away from bulky headsets, getting away from cords, a short battery life will be important. >> i think it is arguable this is the metaverse we're in, having three different locations and having a conversation like it is real. neil: you mean it is not real? you guys -- >> avatar. >> this is my avatar. neil: you rook a little blue. so i can see that. thank you, guys, thank you very much. of course referring to a movie few people seized on. susan li, ray wong. we're following other developments, tape playback we like to call it with the
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president commenting on his top key advisors, how they will handle the storm and record damage throughout five, six states in the south. actually not all in the south. it includes illinois. the latest after this. ♪. as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com
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it. a message pro from the president to governors. when that tape becomes available and it wrapped up we'll play the tape for you. meanwhile keeping track of the vice president of the united states middle easting with ceo's, key ceo's at that on the border crisis. go to edward lawrence on that. reporter: this is after a shakeup in the office. a few senior staff members left. the vice president meeting with major ceos about investing in central america. she wants to talk to those companies about direct investments in those countries where the migrants are coming from so they will end up staying home. we'll talk about mastercard, pepsico, as well as net suppress so, other companies, microsoft, they will all pledge to invest $1.2 billion over the next five years in central american countries. for example, pepsico expects to invest 190 million in guatamala,
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el salvador and honduras by end of 2025. adding infrastructure for buildings and distribution centers and i.t. products. republicans say this does not fix the issue now. in fact the mayor of yuma, arizona, border patrol is so overwhelmed by illegal migrants he called a local state of emergency. >> people were waiting for the border to pick them up almost a day 1/2, they started walking through town and doing, what they need to do, take care of humanitarian issues, water, food, shelter, on their way to try to find a border patrol station. who is causing the community a little bit of chaos. reporter: he thinks we're seeing a massive push now because migrants are trying to beat the deadline for the reinstated remain in mexico policy for asylum. under the agreement with mexico the policy is restarted with a few border stations last week. it will eventually reach all of the border stations. so far in 2001, 1.7 million
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illegal immigrants were crossing border, encountered by the with us toms and border patrol that doesn't include those that got away. vice president went down in june to visit the president of guatamala. he was in last week, that june was the last time he spoke with the vice president about this issue. back to you. neil: edward lawrence, thank you very much. to bill melugin in eagle pass, texas, with still more signs things there are getting a tad, maybe even a lot more, well difficult to follow. bill, what is the latest? reporter: neil, good afternoon to you. it was a very busy weekend and a also a deadly weaken down here at the border. the big story a crash involving a human smuggler that took the lives of an american mother an daughter. we'll get to the video. look at this. this was saturday afternoon in the rio grande valley, mission, texas, the flight drone team flown over the after math of
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this crash. law enforcement were pursuing a human smuggler who had vehicle loaded with illegal immigrants. he went through a stop sign and t-bone ad vehicle, with a innocent texas mother an daughter. they passed away, they were 59 and 22. tote soes from the scene of the crash, shows how violent with impact. one of the migrants launched through the windshield of smuggler's vehicle. that migrant was okay. the only fatalities were the mother and daughter. the smuggler is in the hospital right now and will potentially, possibly be arraigned later today. also video out of the rio grande valley from this weekend. look at this. this was our fox flight team, seeing a raft dropping off 11 illegal immigrants. they are dressed in all black. they are running into the brush, actively trying to get away. these people are not claiming asylum, not turning themselves in. border patrol was not in the
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area later. unclear whether they were caught. we saw the raft pulled back into mexico by a man on the other side of the river with a rope. undoubt owedly using the raft sometime in the future. late with texas dps we were embedded with the elite brush unit with the private ranches in kenny county. what they're doing out here looking for illegal immigrant runners not willing to turn themselves in. this is desowe late, thick, brush, terrain, finding dozens of migrants in all could of hours embreaded with them. mostly single adult men. they're arresting and jailing them for criminal trespassing. they're not handing them over to border patrol. last piece of video we wanted to show you happened where we're standing this morning. groups continue to cross the rio grande in front of our cameras. this was a group of eight to 10 or so who waited across the river, right in front of border patrol, walked right here into eagle pass, texas, illegally. most were from nicaragua.
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one of the men from as far as nigeria. back out here live, neil. it is december. it is incredibly chilly out here. the water is not warm. it is incredibly slow. not slowing anybody done. the numbers continue to pick up. neil: bill melugin, thank you very much. we're following closely the president and his playback tape is due imminently. now. we should say he net with all fee officials in his cabinet. fema, homeland security, he has been in contact not only with governors in the affected states but he is sending out word help is on the way. we'll take a very quick break right now but come back with the president's comments on what type of aid is being planned. we'll have more after this. ♪.
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♪. neil: all right. this is tape playback coming in from the president of the united states at the white house detailing plans to help those out in the south including a visit to the area on wednesday. >> we continue to pray for everyone in kentucky and other states that have been affected. particularly my heart goes out to the governor of kentucky who lost family himself.
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it is pretty rough stuff and but we're going to get this done. we'll be there as long as it takes to help and the combination of state, federal and volunteer organizations, do everything from eventually not only clear the debris but provide the necessary means to move, get schools reopened, making sure that homes are able to be rebuilt, et cetera. so there is a lot, a lot that needs to be done and mostly kentucky here but not only kentucky but so that is, just let you know what i was doing. haven't decided where we will go yet. i indicated to the governor when we talked about this two days ago was that i don't want to be in the way. there is a lot going on and, when the president shows up there is a long tail to follow, awful lot of folks. i just don't want to do anything but be value-added but i want you to know that this
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administration has made it clear to every governor, whatever they need, when they need it, when they need it, make it flown to me, it will get it to them as rapidly as, as rapidly as we can and that is what we're doing here in kentucky. we'll have to go beyond what is available to the federal government. for example, we're able to, fema can come up with up to $35,000 in housing restoration. not a lot of 35,000-dollar homes. we can provide everything from hotel rooms and places where folks can live in the meantime but there is a lot to be done and we're just getting it underway but, we're going to work with all the governors to make sure if we can. yes? reporter: mr. president during your own visit there can do for the people affected by this and what is your concern about the longest conduct? what kind of recovery are you worried about? >> what i worry about most in
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circumstance like this, because i've been involved in responding to a lot of disaster as senator, vice president now, president just this year is the peace of mind of people being able to actually put their head on a pillow, lie down on a bed, to be able to know their kids are going to be okay. and so, with the, this is a narrow path. the devastation is just stunning. there is nothing left standing basically along the path of, that goes all the way through. you know, do we have the other, let me ask you, show that other, you know, okay in terms of housing. because i think this is the best way to illustrate just how precise -- go to the one that goes all the way up. [inaudible]. so you take a look, why don't you point out where we are here?
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take a look where mayfield or bowling green is. we're not talking about mayfield now but all these yellow dots here, along the way are residences. and they have been wiped out. they have been wiped out. commercial and historical sites and industrial sites, just been wiped out. you mind putting one back up for mayfield? take a look, mayfield sits in that, where that square is on the left. well look at all, this is just, the city of mayfield. residential, commercial, exempt, government and historical, agriculture, et cetera, just i mean they're the guy -- some of you probably already down there, it is just devastating. and so, i worry quite frankly about, how can i say it, mental
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health of these people. you come home and you see that, if you made it and if you lost someone in the meantime, you know, thank god doesn't seem like the numbers are height as high as anticipated but they're high. you come home, you lost your husband, wife, mother, father, children, somebody along the line and what do you do? where do you go? it is not like if you're making 1thousand -- $16,000 a year head to your relative in washington. i'm being literal. that is what worries me most, the uncertainty and it really is something that i've observed in every major disaster i watched and been on the ground to see. it just is, you can see it in peoples faces. we just want them to know we'll stay as long as it takes to help them. there are three ways to get help. one, is the federal agencies that are available. and that's already underway. and for example, we're setting
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up in, in all these places, for example, they're going to be roughly, how many disaster centers you think we'll have in the state? >> [inaudible] >> one place a citizen can go. there will be a essentially an ombudsman. what i said to the governors an surprised me, pleased me, but surprised me they repeated it, for example, i told the governor of kentucky, i not only, i'm not expecting you to know all you need. let us tell you what you can ask for, or you haven't asked for. let's do our job. i mean these large government agencies like federal or state governments, it is hard for people to understand sometimes. let me go in and tell you what you can ask for and so there is, the federal government, the state government. there is also the non-profits out there that have been in fact involved in all of these
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disasters around the country. they can provide help an assistance. right now, for example, i'm told, i hope i'm not misspeaking, that the school in mayfield is being used for shelter now. it didn't get wiped out but will not be functioning as a school soon. so how do you get these kids back in schoolrooms? how do you get some semblance of normalcy again? and so we're working like the devil. i'm very, very pleased with the word that fema director has done and i know, that homeland security has done, reached out to these folks. they know we're there and i just want to make sure there is no sense on the part of anyone, in any affected areas that they are asking something that they shouldn't ask for. ask for whatever you think you need and we'll find out. if we can't provide it to you through a government agency
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we'll do our best to find out private agencies that can help, from churches, to red cross, to a whole range of institutions. but just, it is just, like when i was walking through the neighborhoods in louisiana, see looks on peoples faces. go to the corner where there were houses just gone, people standing in their yards crying. this was two days after the storm went through. so it really is devastating. this is the united states of america though. the thing that pleased me, everyone of my staff who were down there and came back at least today, called me on the phone, said, people are already helping each other. they're already asking you know, how can i help too? so that's what i worry most about is just getting some peace of mind to say look, there is, there is a way to get from here to there. it is a disaster now but there
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is a way to get there we'll do everything we can. i'm sure, i believe congress will respond with that reporter: how much of a factor do you think climate change was and do you think that be part of the argument people like senator mansion with the build back better plan? >> no, i'm not going to make that argument with him about this. look, joe understands, joe has as much empathy and concern for these folks, he's been through some real disasters in west virginia, he understands, and the honest to god truth is we're discussing this. i've spent a lot of time on climate issues, and i've said we have to be very careful. we can't say with absolute certainty that it was because of climate change, so i'm going to be talking with the environmental protection agency and i'm going to talk with other agencies to determine , matter of fact, if
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some of it has to do with el nino, and there's a lot of things that we don't know for certain and i don't won't to say anything that's not precisely true. what is certain, it is one of the worst tornado disasters we've had in the country and the second thing that's certain is that it is unusual. it is unusual how it happened, how many places it touched down and the length of the path, so that's all i'm prepared to talk about right now. yes? reporter: mr. president this is all happening in the middle of [inaudible]. how are you thinking about moving because they are going to be dealing with possibly rising cases, possibly hospitals being overloaded? >> yes, we're going to -- look, i have the entire federal team, not just the folks going in and making sure there's still people, we're not leaving anybody still breathing under debris.
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that's the immediate, immediate urgent urgent thing is to just get food, water, to people who don't have it and there's no place to get it so that's number one, but number two, there's a whole range of things, including the virus, including the virus, and the hospital. i've gotten a report but not the detail i need about the hospitals along the path of this tornado, but you know, we're going to have to, i'm sure i'm going to be asked, asking my team to setup sites for booster shots and the whole range of things and people still, the worst part is, their lights have to go on as if nothing happened because they still gotta take care of those needs from kids getting to school to whether or not they are going to be able to collect an unemployment check, all those issues, but one of those
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issues be public health as it relates to covid. >> [overlapping speakers] reporter: mr. president, are you willing to share anything more of why you would like to be [inaudible]? >> no, look. i told you, when i speak to senators to try, or house members, or governors or any other elected official, to try to convince them of what i'm proposing makes sense and is not inconsistent with what they believe, i do that and then i'll discuss it afterwards, okay? thank you. >> thank you. neil: all right, the president making clear right now that whatever the states affected by this swath of tornadoes some two dozen of them over 250-mile radius, he will deliver the goods and even if the government can't provide it he'll find ways that private
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entities can, and will. welcome back everybody i'm neil cavuto and you are watching fox business continuous coverage of the fallout from this weekend's storms. perhaps no more deadly than in the state of kentucky, a place the president plans to visit on wednesday. that's where you'll find our grady trimble. grady? reporter: neil, president biden plans to come here to mayfield as well as dawson spring which is is another hard-hit community about an hour to the east of here. you mentioned he said that they will provide anything that the state of kentucky or the other five states hit by these tornadoes needs, and right now, they need a lot. you can see around me, the extent of the devastation, it is hard to wrap your head around how bad it is here. just about every building as far as we can see and in all of the areas we've driven in mayfield have extremely serious damage. today, it's about clean-up.
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over here there's a crew with heavy machinery going through what's left of, i think, a house but that is how bad the damage is here. you can't even tell what some of the buildings were. president biden said they want to get back to some semblance of normalcy in kentucky and other areas that were hit by these tornadoes, and it's going to take a while because just about everything in this community is destroyed, from the businesses to the post office to the courthouse to the churches, and many of the homes as well. there's no water here. there's still no power in this area, not that there's anywhere to deliver that electricity to with so many of the buildings destroyed. we have been speaking with the ceo of the candle factory one of the largest employers in town. there were more than 100 employees inside that factory when the storm hit friday night, and the tornado ripped through the warehouse.
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immediately after that, good samaritans, civilians, county commissioner i spoke to as well as first responders went to that site to try to get as many people out of it as they possibly could. the latest we've heard is that eight people parished in that building alone, but they have accounted for most of the employees, only about six of them still unaccounted for right now. in terms of rebuilding, that is a hard thing to think about when you see all of this devastation around us but the ceo tells me that is absolutely part of the plan. listen. >> i can 100% guarantee that our company is not going anywhere. we will be, we are going to be here, we're going to be back quickly as quickly as possible. we will be making candles in this community. we're not going to leave this community behind. reporter: president biden says that whatever resources these states need, the federal government will provide. he says he told the governor of
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kentucky, andy bashire, they might not know exactly what they need at this point and you can see why because they are still just in the early stages even though it's three days after the storm at this point, they are still assessing the damage trying to make sure there are no , as the president put it, people breathing under the debris and the rubble in communities like mayfield, but he says they're providing a list of all of the services and goods and items that the federal government can provide and will make sure that anything that they ask for in places like this , neil, that they will get it. neil: all right, grady thank you very much for that, grady trimble following the latest developments in kentucky, by far the hardest hit state and the stay that the president does plan to visit on wednesday. in the meantime, other developments in washington, besides the president hoenig in on what has to be done for the south and southeast, still talking about that huge spending plan, 2 trillion by his math, another study puts it closer to $5 trillion, and then, trying to woo a joe manchin who
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sees those figures and says slow down. hillary vaughn on capitol hill with more. hillary? reporter: hi, neil. this alternate score from the c bo that basically takes the programs in the build back better bill that only lasts maybe one, two, or three years, and extends them to full 10 years which is the length of the package and the tax hikes for this bill. once you do that, the price tag on this more than doubles to $4.9 trillion. that's according to the alternate cbo score that republicans requested from them, but progressives are not happy that the cbo offered this alternate analysis. congressional progressive caucus chair tweeting that it's a fictional score saying, "the gop is asking for a score on build back better that extends all the programs to 10 years is completely ridiculous. cbo should have declined to give such a score because it undermines the legitimacy of scoring a bill to start with, scoring a bill starts with the bill you have, but across
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the cop tall democratic senator joe manchin today says he thinks this new score is sobering. >> it is not republican or democrat you can see those in the congressional budget office and they're non-partisan and going to give it to us whether we like it or not. i just don't think that that's a fair valuation of saying that we're going to spend x amount of dollars but then we don't have to dewine pendants coming back for more money so you might as well look at the whole ball of wax, if you will. reporter: senator mansion is still undecided and west virginia voters aren't necessarily sold either, polling from the partisan gop firm, found that 64% of west virginia voters think that biden's social spending bill will only make inflation worse. the president will talk to senator manchin on the phone to try to win him over but republicans want democrats to pay for these programs upfront
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and democrats themselves have admitted they plan on extending these programs in hopes that the some of them will become permanent. neil? neil: got it, hillary vaughn, thank you, and mu the committee for responsible budget and maya, if i take it at face value what the cbo is trying do the analysis addresses that any extension of this , that be very hard not to get an extension of certain things that have say a three-year shelf life to make them longer, they are harder to cut, et cetera and that would increase the deficit by $3 trillion over the same 10 year period. do you agree with that math or that attempt on the part of the cbo to sort of deal with that? >> certainly. i absolutely agree with the math , in fact the committee for responsible federal budget looked at these numbers before the cbo came out with their number and we found basically the same thing. i also agree that this is a really important study to put out there, because we know many of these policies that are expiring in the 10 year
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window, are not expiring because they are supposed to. they are to try to make the cost of the overall bill look smaller , and so the exercise here is to say realistically,, we know that if something is built into the budget it's likely to get extended. how much would this cost? how much would this add to the debt and for the cbo, whose known for being a straight shooter, you know, there's not bias, there's not political issues in their numbers, these are the numbers and they show us that the deficit impact if these policies were extended without being paid for be huge, in the trillions, and so it's really something we need to think about while we're looking at this bill. neil: i'm just wondering when the president talks about the fact that it is paid for and that others who back it without going so far as to say it's all paid for , not a penny americans will have to put forward, even the latter camp is saying it's because it will stimulate the economy, it will generate revenues. do you see evidence of that in
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any part of this? >> well first, i give the president credit, because he has said he wants this bill fully paid for and he's now said he would not support extending any of these policies without offsetting the cost; however, while we gets credit, i don't think most of congress agrees with that. who knows who will be in power when these extensions come up so there's a real risk that you need to agree that if something is meant to be permanent, you put it in as permanent and you pay for it. second in terms of the stimulating the economy. many of these things are public investments that could be good for growth, but not in anyway that's going to generate revenue sufficient enough to offset the cost, but again to the credit of the people makes its bill, they aren't claiming huge numbers and dynamic scoring it's something we have seen, that's not what's happening here. the real gimmick here is pretend ing the spending will go away when nobody really has the intention that it will. neil: you know, all i know, maya
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, you follow this far longer and closer than i have, deficits build no matter what party is in power, we don't have the benefit of a boom like we had the internet boom and then the attempt that bill clinton and newt gingrich to gather control over federal spending, the last time we were seeing surpluses, so barring that is there anything that you see going forward, that would indicate anything approaching fiscal bravery? >> no. first off, you're right. this is something we see no matter who is in power, there is certainly a bipartisan tendency to borrow instead of pay for things. second, the more polarized our country becomes, the more politicians tend to fall back on that because who doesn't love giving tax cuts or spending increases, what they don't love is paying for it and what nobody is talking about is what we really need is a debt deal to actually bring down our growing debt to close this gap. while i don't see it on the immediate horizon, what i do think is there are enough
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external threats this country is dealing with. we have real troubles outside of our country, real threat, things that should be unifying us as a country, and if there's something we should be able to agree to it's that you're not stronger when you're trying to protect yourself against cyber warfare, be competitive in global economic play, like forum s, any of these things, you aren't stronger if you're over indebted so what we should be able to agree to is that we are opening ourselves up to huge vulnerabilities by continuing to borrow, hand over fist, and kind of using politics as a shield not to get to the real work of figuring out how to get this debt to a manageable place where we aren't so vulnerable. that's what i think should happen, neil. i'm not sure if it's going to happen any time soon, i'm really worried. neil: real quickly on that if the bond market we're worried about this and i don't want to sound wonky, wouldn't you see interest rates backing up, that all of this , you know, spending is just going to turn everything upside down, if anything a 10 year note is now down to 1.42% and it maybe that
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the bond market is getting a slow down i don't know but why is that? >> yeah, a couple points there. one we're very lucky that rates are low because if they were to go up our debt payments would explode, and so we're very vulnerable with so much debt it's like a credit card teaser rate payments could go up really quickly, but too, keep in mind that rates are very low in large part because the fed has been purchasing so much of the borrowing, of the u.s. treasuries that are out there, and so in some ways the rates are artificially low, and bond markets are notoriously poor at predicting when the next crisis comes so it's not as though there will be a long lag time. the way you should run a country is you don't want to be open for anything that could be a shock to the economy, to the countries and leave you in a dangerous spot. debt is one of those things, we should borrow when they're emergencies, we shouldn't borrow when nobody feels like paying for the bills and that's what's been going on in the past before
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covid and is starting to go on again now and we have to do better if we want to stay a strong economy. neil: thank you very much, myay, good catching up with you i think, even with this warning, speaking of this package right now, they are talking about the $2 trillion package, jen psaki is talking to the press right now, and saying of the cbo score that said this is going to add $3 trillion to our debt over 10 years, that it's a fake cbo score, that we are talking about a fake cbo number, that our focus, she says, is on the bill that would lower the deficit it's a fake score about a bill that does not exist, in other words she is challenging the reference point that the congressional budget office has taken that all of these programs that are set to expire in two or three years, are actually going to be next to impossible to not renew, so all of a sudden then, you have to deal with that potential reality which some, on the left, and the right, have advocated the cbo comprehend or at least analyze what if they continue
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and the cbo came up with the notion well they continue then it's going to be a lot more expensive a $2 trillion plan becomes a $5 trillion plan. the white house not surprise surprisingly saying that's hooey , we'll have more after this. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire (vo)d get started today. t-mobile for business helps small business owners
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neil: all right, in england we've got our first fatality linked to omicron right now, as beginning to double and triple there the first time we got a report of someone that actually succumbed to this virus , and what to make of that because it did rattle some, because this thing certainly is very very contagious but up until now of course we've been told not extremely dangerous. dr. jeanette neshwa joins us fox news contributor, family emergency medicine doctor. , doctor did the death in britain surprise you? there are hundreds of thousands of cases around the world. one death, i do want to put in perspective, but curious what you think. >> hey, neil. no, sadly it's not surprising, you know, we've seen deaths with all the variants that have come out thus far, and if you take a look at where we're at we here in the united states, you know, we've hit the grim milestone of 800,000 deaths. that's 800,000 lives lost to
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this virus, but if you take a look at the numbers, fortunately , 60% of americans are fully vaccinated, and that gives you a lot of protection although we still need to all get them their boosters as well, but not surprising what we're seeing in the uk, omicron accounts for about 40% of their cases in that area, where that one patient passed away, but we don't know if they were vaccinated, if they had their booster, if they had any underlying medical conditions, those are all the factors we have to take into account. neil: what do you make of these latest efforts and it's not just concerning omicron, doctor, but what's going on in britain where they are reimposing restrictions , where in new york they returned to indoor mask mandates because of the spike in covid cases i suppose, what do you think of all of that? >> well, you take a look where we are now versus last year. if you recall last year, neil, we had a massive spike in the number of cases going into the cold winter holidays. we were hitting three to 4,000
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deaths a day. hopefully we're not going to be anywhere near that this year but when we see that we have this new omicron variant and two vaccines really aren't going to protect you as much as three will, then it makes sense to take that extra precautionary measure of wearing your mask in indoor public areas until we can get through this cold winter months, and then, reevaluate, reassess in four to six weeks and we could scale back if the numbers go back down, because right now, neil, we're seeing 40 % increase in the number of hospitalizations and cases and yesterday i diagnosed more cases of covid than i have in the past two weeks combined. neil: is that right? now, what about those who have been vaccinated and you're seeing breakthrough cases where do they stand now, doctor? >> yes, actually, that's a great question. those who are coming in that are vaccinated, their symptoms are very mild. body aches, fatigue, low grade fever, runny nose, congestion,
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it'll last a few days and then back to normal and they do still have to quarantine for 10 days but for the majority of them i haven't had to hospitalize anyone recently. a majority of them their cases are mild and that's the whole point of the vaccine. it's not going to prevent you from picking up covid but it certainly can help protect you against severe disease, severe complication and death for most of us, for the majority of us. neil: all right, doctor, thank you so much very good catching up with you on all of this. again, these cases that we're hearing where they are really moving and moving very quickly numbers to put it into perspective. besides this first death in britain, what concerns them most there is the fact that the cases seem to be doubling by the day. for example, yesterday, better than 1,200 cases reported in britain, double what they were on saturday, which was double what it was the friday, the day before. it's the pace of this that's alarming folks, much more than the severity of the cases. we'll have much more, after this
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neil: all right, the crime crisis going on in the country is very very real particularly in a dozen major u.s. metropolitan cities where of course it's officially out of control and in some areas at records but for the time being, it's certainly impacting the president's ratings especially when it comes to his handling of all of that. david spunt from the white house with more. david? reporter: hi, neil, good afternoon and that's the reason i'm talking about crime, even if it's local crime, from the north lawn of the white house, because this is an issue that is coming all away to 1600 pennsylvania avenue, just a few moments ago jen psaki the press secretary was asked about the rise in crime some of those brazen attacks in the united states across the united states. i want to show you a poll, just a new abc poll that discusses the president's rating when it cops to gun violence, 32%
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approving of how biden is handl ing gun violence, 66% disapproving. look at this video we've been showing it today it's from over the weekend, thieves smashed the windows of a high-end car dealer in chicago, to be clear, this didn't happen at 3:00 in the morning, police were called to the scene of gold coast exotic motor cars at 12:11 p.m., broad daylight. the thieves broke a display case , stole millions of dollars in jewelry and the owner of the dealer spoke to fox this morning about this brazen attack. listen, neil. >> people come and break into your store while there's customers shopping, and there's children in there, my partner's children came to visit him and his wife and here comes two guys , one carrying a gun, and i'm telling you, i never realized how much outrage there was around the country. i've been getting calls, this was about chicago, as far as i'm concerned, but this is, this has gone on around the
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country. reporter: don't forget those smash-and-grabs in california too so from smash-and-grabs in california, in chicago to more than 1,000 murders just this year, on the streets of the windy city, and the surrounding area crime is a problem, innocent people are becoming victims in many of these circumstances, the white house also under fire, neil, from the national sheriff's association there are allegation s this administration is not doing enough but the white house continues to point to the fact that through the department of justice, there was a grant of $140 million that just went out to hire nearly 200 law enforcement personnel. neil? neil: david spunt thank you very much to jack burr, so if you really want to change the system you really have to be part of the system and take risks he's doing just that, former nfl player, jack brewer foundation, jack it's always good to see you , my friend, but what interests me -- >> likewise. neil: is how you're helping those who have been incarcerated who be deemed risky, and offer
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ing a hand. could you explain? >> definitely. it starts with the rehabilitation process and unfortunately, some of our private institutions are some of the best in the world that rehab bing people once they get incarcerated. i think for everyone out there, think about yourself or think about your children, when they're sick you take them to the best doctor but for some reason, we got this twisted reality in america now where we're not holding these criminal justice systems and these jails and prisons accountable for the actual inmates that are in their care, and so that's the biggest problem is recidivism so i've been a part of programs, part of the group of other continum of care programs that actually take these men and women and break them down psychologically and give them the rehab and get to the root cause issues that are affecting them, and that's really what criminal justice should be all about. don't assume just because your tax dollars are going into, you know, prison systems and criminal justice debt, they are
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actually putting the money to work and that's the biggest issue that i see now in this nation. i get a chance to walk into those prison cells every week. i talk to these men and i see men that are broken and men that are rehabbed, and you can make a change but as a nation, we have to take a stand for rehabilitation and start to address these issues more smart, being smart on crime, not hard on crime. neil: you took a great deal of risk there, didn't you? >> i did. i did. i'll tell you what. people come at me, and people don't understand, but i always say live your words by the works of your hands. if you're willing to go in and start to understand these type of issues, you'll see , and don't talk to the folks that are locking folks up or the people on the outside. go on the inside and find out what real issues that folks are facing, right? the majority, mass majority of these prisoners didn't have male influencers in their lives. the education system were broken so they didn't get a chance to
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get good education, and many of them have, you know, ptsd from trauma whether they were molested as children and they have other issues so we have to get to the root cause in this country. we're the richest nation in the world there's no reason for us to be 28-30% of the world 's in cars incarcerated population, there's no reason for us to sit there and allow cities like chicago, where just this weekend 47 people got shot, 16 of which were kids, this is ridiculous. places like detroit just last year, over 15,000 aggravated assaults on people, in a town that small? i mean, these things should not be happening, and it's a really a spiritual battle here that we're taking on, neil, because you can not stop crime just by going and getting harsh punishment. you actually need to go indiana in the hearts and minds of people. it takes a lot to pull that trigger and kill another person but when our kids are being just saturated with these video games , with the sick rap music
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and all of this hateful things that are in their head being put into them at very young ages this is the reason we're seeing society that we see today and we all must take a stand to do more to get in these communities to affect the most vulnerable and those are our kids and i think, you know, if america just gets back to getting our hands dirty again and serving, serving not just our military, but the normal people, normal americans need to get back to serving again, and we can help our land. neil: good for you, jack, jack brewer, always good chatting hope you have a merry christmas, jack. >> likewise, neil, got bless you, brother. neil: all right in the meantime here just keeping you abreast of some of the inflationary news, perhaps the more jarring is the stubbornness of coffee prices to come down, right now they are in and out of 10 year highs and americans keep paying it they love their cup of joe and they are paying through the roof to make sure they keep getting it, after this.
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>> ♪ neil: what's going on with this ongoing lockout from major league baseball and charlie gasparino is right. this could be a lot more involved than earlier thought. charlie what are you hearing? charlie: neil, do you pick out the songs for your show? neil: no, i do not, because i tend to gravitate to chants, that sort of stuff and they say no, but that might have been here. charlie: i knew that, because the music is actually getting better with that song. neil: thank you very much. that's our young up and coming kids. charlie: [laughter] by the way that's my era, that's not these kids. neil: no. charlie: they are into cardi-b. one thing we can say is theres two things that everybody agrees
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on. both sides don't like each other , owners, players are hopelessly deadlocked right now that's the first thing they agree on. the second thing they agree on i've been talking to people at the league level, the owners level and also with the players, the only thing they agree on is that baseball is facing an existential crisis right now. not only is the game slow plotting, teams essentially don't spend money they have, don't ask me why they do it but they aren't spending money, they are spending money on the highest paid players the super stars but the radical middle that keeps the game going , those good, really good players, the guys that make between one and $5 million, those players are getting screw ed more or less during all of these contract negotiations, and overtime, and there's a talent drain from baseball. that's all a lot of all that to deal with all that, is riding on these negotiations that are now, there's a lockout now for going on two weeks, and i'll tell you. if you talk to people in
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baseball they don't think this thing is going to get solved until the last minute they believe there will be a season. it'll be, they will cut some deal close to the edge, but i'm telling you that both sides show no signs of giving in here, the owners are blaming super star agents for this. they are blaming scott boris essentially for leading the negotiations, that he's taken over the negotiations on behalf of tony clark and the player's union. the player's union denies that, he's a voice, not the only voice they say. they say the owners just don't even want to talk to them, that they have certain proposals in terms of shortening the amount of time it takes for a player to go into arbitration, shortening the amount of time to be a free agent, that the owners just won't deal on whatsoever and so you have this lockout, so this is getting pretty nasty. again, we're in week three. for all i know something smart is going to happen tomorrow, but i will say this , neil. if there's people agree on both sides when you talk to them,
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baseball is in really desperate shape. the game is slow, but there's all these economic incentives for teams not to spend money on players and i'm not talking about the top players. the guys that get millions. i'm talking about theed rail entitlement it call middle that keep a game going it's at about really good players fighting it out and those player s aren't getting played is what we're hearing and they aren't getting paid because teams are involved in revenue- sharing, taking the money, not spending it on players. they would rather tank the season to get better draft choices than get players to be somewhat competitive. it's a real problem for the game , and it's a bizarre economic scenario that they have to come to terms with, so maybe out of this whole storm that we have here, and i withheld myself from saying what i wanted to say , we'll get to the bottom of it but they're hopelessly dead locked, neil, back to you. neil: all right i wonder what
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that term you were going to use would possibly be, charlie gasparino thank you very very much. good seeing you. charlie gasparino on that in the meantime, if you've been noticing about this inflation thing you probably noticed that the most dramatically in coffee prices. they are in and out of better than 10 year highs and the latest indications are they stand to go higher. jonathan hoenig on what's going on here. jonathan, this is just the latest stubborn example of a price that will not ease, maybe and i suspect because so many americans are willing to pay more for this , they might pivot on others, but not on this. what do you think? >> yeah, i mean, neil it's getting really serious out there from me i've come to snorting de caf and hording maxwell house and in all honesty we're seeing at the grocery store, coffee prices in new york, those futures are up about 85% over the last year, and that's translating to prices of course in terms of by the cup.
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starbucks is planning price increases from 10-25% but it's not, respectfully, neil, it's not customer demand that drives higher prices because customers usually switch from coffee to tea or soda. it is the government artificial expansion of the money supply and that's what we're seeing not all in synchronous but we're see economy for coffee, for lumber, everything else. neil: why are we seeing it in the bond market? okay, i apologize for that. i wanted to leave you with that pause here because you look at a yield on the 10 year note it's about 1.42% so if you're worried about inflation, obviously, you don't seek out the safety of bonds, there's no reason for that. so yields continue to go down, right? and if you were fearing that prices would keep going up, up, up, then yields would start backing up, and in fact you've been seeing a lot of excitement
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over the flattening of the so-called yield curve where longer term rates have been coming down, but we've been see ing this phenomenon where short-term rates are holding their own or actually going down a little less so flattening so it portends a slowdown, but virtually no sign of inflation so we continue to watch. stay with us. appia rare earths & uranium corp. is actively exploring a world class critical, rare earth element project in canada. appia's high grade discoveries are essential for the rapidly growing electric vehicle and renewable energy markets. appia rare earths & uranium corp.
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neil: all right, well, they're sure talking tough, we're talking about g-7 officials warning russia against even thinking of invading the ukraine what they would do if, of course vladimir putin does, is anyone's guess, jennifer griffin with the latest from the pentagon. reporter: neil, russia threaten ed today to deploy intermediate range nuclear missiles in europe, in another brazen effort to pressure nato. members of the eu as you mentioned met today to discuss how to punish russia, if putin invades ukraine. secretary of state anthony blinken met with leaders of the g-7 in liverpool this weekend to discuss the kind of punishing sanctions that be needed, one of the biggest points of leverage be to halt the nord stream two gas pipeline from russia to germany. >> pipeline as you know doesn't have any gas flowing through it right now, and in fact, it's a
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source of leverage on russia, because to the extent president putin wants to see gas flowing through this pipeline, if and when it becomes operational, it's very unlikely, or hard to see that happening. if russia has renewed its aggression on ukraine. reporter: in fact, the new german chancellor has said the pipeline would not flow if putin invades ukraine. the buildup of russian forces on ukraine's border has not changed since president biden spoke to putin last week. >> it is absolutely clear to president putin, the last thing i'll say, that if he moves on ukraine, the economic consequences for this economy are going to be devastating. reporter: new think that the u.s. ornate o would send troops to ukraine but the new nd aa calls for $60 million additional weapons to ukraine. the eu is presenting a united front following its meeting today. >> we are in in deter mode, we
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know that it be a crisis to start, but in any case, we will send a clear signal that any aggression against ukraine will have high cost for russia if this happens. reporter: meantime all eyes are on putin and his next move. the sanctions that the u.s. and its allies are discussing would remove russia from access to the world's banking system. neil? neil: jennifer griffin thank you let's go to robert charles, the former assistant secretary of state under president bush 43 secretary, always great to see you. i was mentioning the g-7 certainly talking tough and warning russia but i'm thinking of russia and i'm thinking of probably it being one of the most sanctioned countries on the planet and it has not one bit at all affected his provocative nature, so will this >> no, i mean, i'll be honest with you, neil. you've lived a long time, seen a
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lot of this back and forth, so this is a gut check moment for the united states and for nato. we go back in time and look at august 2012 where obama-biden said hey there's a red line and if you cross it in syria big things will happen and nothing happened and then you look at 2014 when we gave i think ukraine, we gave maybe 46 million in non-lethal aid and russia said so what, as you mentioned a moment ago this is one of the most sanctioned countries in the world so credibility is everything here, and frankly the biden administration credibility on this has got to hold. if it doesn't hold, china, iran, everybody else is looking and the sad thing is it's also sort of concentric circles of credibility being tested because if you go out one circle this is nato's credibility being tested. there are sort of faux refugees being pushed up against latvia, poland, and if putin gets away with doing whatever he wants to here, the question is what's the limit
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then? ultimately it means that nato is not standing strong, so with 48% of the natural gas that europe uses coming from russia and probably more of that with nord stream two now having been approved biden at the end of the day, this is a very consequential moment, nato stands strong and says you can't do this and we really will follow through or is this another paper tiger? neil: you know, secretary i'm wondering how much is coordinated between china and russia as well. i know the two leaders, xi-jinping of china of course vladimir putin of russia will have this virtual call, i think, on wednesday, but how much of it is china saying all right, you keep busy ukraine i'll keep him busy, you know the south china sea and then taunting taiwan, et cetera, and we'll just confuse the hell out of them. >> well i think it's actually more complicated than that, neil , although exactly down the path that you just mapped. i suspect very strongly that russian and chinese diplomats and military personnel talk
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everyday. there are a lot of chess pieces that have been moved around on this board already and what you see essentially in taiwan is that the united states has provided lethal defensive capability and is late to the party, a little too little, a little too late i think saying we'll defend them, you know, we were behind australia for god sakes and then backup two-steps and look at ukraine, and you see again, a question about what was the united states going to provide lethal aid and if they are when is that happening a little too little a little too late. i think this is a coordinated chess game and as richard nixon played the china card against the soviet union, i think russia and china are playing their card s against us and i think if we're not smart enough to see that, we're not playing two moves ahead we're going to get cornered and so will nato. neil: i know we talk about the idea, secretary, that these countries both china and russia act even in the face of
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potential economic retaliation, they keep doing what they're doing, so they don't think beyond those measures will do anything. i suspect. is that right? is that hunch right? >> yeah, you know, neil, you spend a lot of time in economics , and actually, that's where this warfare is really a foot. yes, there could be troop movements and that, but you know , a little bit of the give and go and the back and forth and the putting them on the border and frankly against nato countries, a lot of that is intended to secure economic advantage and that's the same thing, by the way i suspect long term by china, so your point is well-made and i think a lot of this is they've looked at what we've done in the past, number one, biden is not a good coalition builder. number two, his word has not been kept. number three you look at how he behaved in afghanistan and they say man, he's afraid of the taliban. why would he do anything to sort of put us in harms way. he hasn't got the gumption to
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go forward so i think this is a real test and a gut check moment and yeah, they're very dependent on russian energy, there will be more dependent a year from now, is this a realignment moment? is this a moment when a lot of these european countries are saying is the united states with us, are they leading, are they going to guide this process, or are they just going to fall by the way side and let russia do what they want and ultimately let china do what they want it's a critical moment. neil: very quickly, while i have you on this , robert. one thing that came up is that china will continue testing what we're going to do about taiwan, not by invading taiwan but maybe invading some of those islands that i guess are administered by taiwan, there's a distinction and a difference. if we do nothing if it were to do that, then what? >> so you point out sort of the wisdom of edmond burke. all it takes for evil to preeved is for good to do
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nothing and history is made by inches and so what you see now is intimidation, russia and china and perhaps even more aggressively china, are going to try to push their own economic agenda and their own national security advantage at every turn , even when it's unjust, even against a country that is as sovereign and independent really should be as taiwan so what you see is an incremental effort essentially to pressure them into concessions. neil: robert, i always learn a lot, robert charles the former bush 43 assistant secretary of state. things we have to watch out for , after this. (vo) t-mobile for business helps small business owners prosper during their most important time of year. when you switch to t-mobile and bring your own device,
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visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining neil: all right. it's about omicron. it's about uncertainty ahead of the federal reserve two-day meeting. right now the better part of valor is to sell right now. to charles payne, right now. charles: good afternoon, i'm charles payne. this is "making money." breaking now after a remarkable rally has week stocks have stumbled out of gate. the same one-two punch, federal reserve and omicron variant. there are a number of winning themes in this market that amassed, some themes are working and a lot of stocks are massive carnage. here's the thing, a would-be buyer there is lot you need to know. we'll cover it throughout the show. a lot pointing to similarities to 2000, you remember the

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