Skip to main content

tv   The News With Shepard Smith  CNBC  January 28, 2021 4:00am-5:00am EST

4:00 am
r mory die. that's all for this edition of dateline. i'm craig melvin, thank you for watching. the new president makes big promises on the virus, vaccines, jobs, and the environment, but can he deliver i'm shepard smith. this is the news on cnbc >> in my view we have already waited too long to deal with this climate crisis. >> big, bold, and ambitious, president biden's climate change plan, job killer or job creator? we break down the impact on sa states across the country. vaccine stumbles and squeszs. >> we've got great people in our
4:01 am
health departments and we have great people in the national guard. >> where the rollout is working and the lessons for others. the great debate, should schools open or remain closed for covid? teachers want safety, parents want kids back in class, why it's not so simple gamestop, can't stop won't stop, written aoff for dead, a video game store turns into a bonafide wall street phenomenon. how the head funds lost as reddit roars >> announcer: live from cnbc, the facts, the truth, the news with shepard smith. good evening, aexistential threat to humanity scientists and experts have long warned that's what climate crisis is. well, now president biden says it's time for america to act today he signed a series of executive actions aimed at combatting climate change, one designates it a national security priority, and suspends
4:02 am
new leases for natural gas and oil development on federal lands and in federal waters. mr. biden outlined his ambitious actions while pitching them as a way to create jobs >> when i think of climate change, i think of -- and the answ answers to it, i think of jobs a key point of the build back better recovery plan is building a resilient climate infrastructure and clean energy future that will create millions of good paying union jobs, not 7, 8, 10, $12 an hour, but prevailing wage and benefits you know, we can put millions of americans to work. >> president biden says it will take a whole government approach to address climate change, and he pledged to put it at the center of domestic security and foreign policy the president's new u.s. climate envoy, john kerry, told reporters today that the world will measure america by its own actions on global warming.
4:03 am
>> the stakes on climate change just simply couldn't be any higher than they are right now it is existential. failure, literally is not an option >> last year, a record setting 22 major weather and climate disaster hit america, from the bond fire, which ripped through cali california, to hurricane laura that slammed the gulf coast. in a noaa report, they cost $95 billion in dang. president biden is using his presidential powers to address the climate process, but to pay for the $2 trillion climate change plan, he needs lawmakers and some are already saying slow down cnbc's ylan mui now. >> reporter: well, shep, the controversy over these executive orders shows you just how politically charged the battle over climate change will be for the white house. already republicans are slamming
4:04 am
this move. west virginia, shelley describing it as a disaster. john cornyn of texas calling it shortsighted and heavy handed. most of the ire is directed at that ban on new oil and gas leases on federal property business groups are worried that this is really just the first step toward ending all oil and gas production on federal land, and that's a move that could threaten more than a million jobs in just the next two years, they say, wyoming could lose 33,000 jobs. new mexico could lose 62,000, and in texas, more than 120,000 jobs would be at risk. >> so pushing back against this industry at a time when the economy is still faring relatively poorly right now, we think is bad economics, and it's certainly not good for american energy independence. >> reporter: but the white house says that today's actions are about creating jobs, not getting rid of them, and that there will be new opportunities for engineers and steel workers in domestic manufacturing and clean energy or even in the newly
4:05 am
created climate conservation corps. >> people need to have jobs. this is all about building the jobs of the future we want not continuing to nit l at an economy that is no longer going to be where our future lies. >> reporter: shep, the white house hopes that this will be the spark that helps reignite the economy because the administration says what we're doing now isn't working. >> ylan, thank you. covid watch. january is already the deadliest month of the entire pandemic, and january is not even yet over 79,000 people killed already by the virus this month according to johns hopkins a grim milestone only adding to the urgent pleas from the states, send more doses. but the rollout, the hope on the horizon, remains much lower than expected some states are doing better than others. these five are leading the way
4:06 am
alaska administering more than 13,000 doses per 100,000 people. west virginia second there with 12,000 doses nearly. they have administered 77% of their doses. the west virginia governor jim justice with us now. governor, thank you, the mountain state has been leading the way. how do you do it what should others do? >> well, shepard, thanks a bunch for having me and everything, and to tell you the honest truth, shepard, we took a real practical approach that's all there is to it. we didn't necessarily take the federal approach we took a practical approach, and we've took an all in approach we brought our national guard, our local pharmacies, our, you know, local health care people, and health clinics and everything, and we looked at this just one way, and it was age and age, and we knew we had to move. we didn't want vaccines sitting on a shelf we needed them in people's arms, and you're a little bit wrong in the numbers and everything to tell you the truth, this is
4:07 am
amazing, but just day before yesterday in west virginia on the vaccines that we had received, we had put in arms 106.4%, meaning that we were getting more vaccines per vile and we were absolutely sticking every single vaccine we had in people's arms and we have been doing it for weeks you know, in the west virginia model has really been something. first in the nation with testing all the nursing homes. first in the nation in getting all the nursing home residents and staff, you know, vaccinated. first in the nation in the vaccine rollout. we've done a lot of good things in west virginia because we've got some really smart people here and we just been missed, but nevertheless, i mean, this isn't rocket science this is just about moving and not sitting back and planning a strategy >> oh, mown ears, you are the envie of the nation, if you had mor doses if moderna and the rest could get more to you,
4:08 am
could you get them in the arms right away . >> there's no question it really boils down to it, this is hard for people to believe. if we had the doses in west virginia, by valentine's day, every person in this state, 65 years of age and older would be vaccinated and absolutely with every person that would take the vaccine and it overwhelmingly, the majority of the people are, but with that, you know, shepard, if we'll just step back and just think just a second just about this and really and truly, this is not hard. the older people are dying this virus attacks the old, and so we got to move. we've got to quit planning, and that's what happened, and now everybody's moving and everything but we've been at this for a long time, and we've been doing it over and over and over, but absolutely tickles me to death that people are beginning to move. but we need vaccines in west virginia, and just to think that there's some sitting in a warehouse in some state with the idea in mind that we're going to be ramped up by two weeks from
4:09 am
today, you know, right now they need to be in somebody's arm, and in west virginia, it would be a good place for them to be. >> your mouth to god's ears, governor governor, we appreciate your time jim justice of west virginia, congratulations, keep up the great work you know, the next big challenge is how to reopen schools safely president biden's made a return to in-person learning one of his top priorities, and doctors who have appeared on this newscast say now is the time. according to the cdc, it can happen if schools follow the guidelines to prevent the spread of covid, masks, distancing, all the rest, but some teachers in chicago do not see it that way many elementary and middle school students there are expected to return to the classroom next week but the teacher's union voted to defy the reopening plans. they want vaccinations before they head back to school, and that could lead to a strike in america's third largest school system nbc's shaquille brewster is live
4:10 am
in chicago for us tonight issue. shaq, where do the negotiations stand? >> reporter: negotiations continue today and still no deal announced meaning we could be on the brink of the second teacher's strike in chicago in less than two years, this one over a disagreement about when to return physically to the classroom. the city wanted that date to be february 1st for elementary and middle school students, about 70,000 of them having the option to come back and return to that in-person instruction and they wanted teachers to start coming back to school today in preparation for that but the union has been rejected this reopening plan saying that it is happening too quickly. they say it's a matter of health and safety and that they want a reopening plan that's closer to the vaccination plan they want their teachers to be vaccinated before returning to the classrooms parents telling me that they just feel stuck in the middle. they see the effects, the psychological effects of their students in that virtual learning but you have other families saying this listen here. >> why are we being forced to send my husband back to teach,
4:11 am
my students back to learn, and then we know that children are carriers and that they will be carrying it back home. we have taken every safety precaution since the beginning >> reporter: and because the return to in-person learning would be optional for those families, you're also seeing a disparity in who is deciding to send their kids back when you look at black, latino, asian families, only about a third of those families plan to return to in-person learning when you look at white families across the city in elementary schools, that number jumps to about 78%. shep >> shaquille, thank you. a push now to censure the former president it's now underway in the u.s. senate the democrat tim kaine and republican susan collins are lobbying their senate colleagues for a bipartisan resolution that would condemn him but would not bar him from running again they say they're looking for a back up plan of sorts. just in case the former
4:12 am
president is acquitted it's a real concern after 45 senators voted yesterday that the trial is unconstitutional. >> i think there's maybe a little more interest now, and could this be an alternative to do a trial knowing you'll get 55 votes at the max seems to me to be not the right prioritization of our time >> nbc's sahill what's the latest on the censure proposal. >> reporter: senator kaine is offering it to colleagues as an alternative to the impeachment trial or something that could happen after the impeachment trial. it's clearly not going to happen as an alternative to the impeachment trial. 55 senators voted to move forward with it, and senate majority leader chuck schumer of new york made it clear than an impeachment trial will occur many democrats feel a censure is insufficient to the high bar of holding president trump accountable for what they believe is incitement of
4:13 am
insurrection it's not going to happen in blue off the trial, but it could happen after the trial what democrats are worried about is this is eating up valuable time on the senate floor, and some of that would be preferred to focus on other things like president biden's cabinet nominees, and potentially economic relief legislation. >> so we're hearing that the former president's legal team is coming together in earnest, what can you tell us? >> shep, nbc news reports that president trump does not plan to attend his impeachment trial in person and that he is instead planning to send a written defense. now, i should caveat this. this is donald trump we're talking about. he has been known to change his mind in the past that is his current thinking nbc news is also reporting that the former president is building out his defense team for the impeachment trial, adding a north carolina lawyer named joshua howard who used to work at the justice department, shep. >> you know, after voting with 44 other republicans yesterday that this impeachment trial would be unconstitutional, the
4:14 am
minority leader mitch mcconnell seemed to leave the door open today for a change of heart. what is he doing what did he say? >> reporter: shep, the vote yesterday sort of took the wind out of the sails of the impeachment trial in the eyes of many, if only five republican senators had decided that the trial was constitutional and should go forward, there's growing pessimism among proponents of impeaching and convicting president trump that they will find the 17 republican senators who are needed as a minimum to convict the president. mitch mcconnell, the minority leader, is still leaving the door open to a conviction. he has said he's not made up his mind on how he will vote there, but that is also the role of every senator, very few of them are saying they have made up their mind at this point the question is how do you get some of the republicans who say this trial is unconstitutional to then vote to convict the president and take a vote that goes against what many in their base want, shep. >> yeah, it's a situation they have set up for themselves, and
4:15 am
it's not pretty. sahil, thank you so much. you know, the markets took a dive today, but a bunch of arm-chair investors crushed it. >> the soap opera and saga of the markets right now. >> gamestop, skyrockets on wall street how a stock worth just a few bucks became a rallying cry for new investors, challenging the titans of the financial world. pandemic struggle, millions losing their health care, president trump to reopen the affordable care act exchange, and bring insurance coverage to those in need. plus. >> there is no suigar coating reality. >> billions in funds stolen. what is the government doing to find the money >> announcer: the facts, the ut t
4:16 am
4:17 am
gamestop today, incredible it's a stock worth just a few bucks a year ago and closed at $347 the stock's meteoric rise stunning the wall street bigs, and the story really dominating coverage during business day here on cnbc i hope you were watching, it was incredible shares surged nearly 8,000% over the past year or so. put it this way if you invested $5,000 in the gamestop just two weeks ago, you would have made more than 86,000 bucks some did just that and others vested a whole lot more making hundreds of thousands of dollars. the hedge funds that bet against it have lost billions, and that's why at its core, this is really a david versus goliath story. the little investor versus the wall street heavy weightings an online community at the set of this fight. some users describe what's happening as a war against the establishment, urging others to hold the lines and not cash out,
4:18 am
not yet. gamestock surge is so dramatic, it has been elevated to the desk of the new treasury secretary, janet yellen quote monitoring the situation, according to the white house. the s.e.c. is too. financial regulators expressing concern. >> the marketplace should be a place where risk is taken, but not reckless risk and not a situation that undermines the entire situation and that's what we're looking at here. >> but how did this happen how did a struggling company with an uncertain future at best become the hottest stock on wall street nearly overnight. here's cnbc's leslie picker. >> reporter: ten years after occupy wall street, there's a new type of financial protest, but instead of marches in zuchadi park, these protesters are sounding off on social media si sites, calling for stock tips that will make the group rich while hurting hedge funds on the other side of the trade, their
4:19 am
meeting place, a sub reddit group with more than 3 million members known as wall street bets it was there that the idea of buying gamestop went viral, as the stock soared, the financial world was left stunned. >> we are seeing a phenomenon that i have never seen >> there's nothing nothing about what you're seeing when it comes to this stock right now. >> reporter: that's because gamestop which sells video games and consoles is not doing well their sales are plummeting and their stores are shuttering, most analysts say profitability is still years away, so why did the reddit group by? well, it started this spring when a user pointed out that gamestop had a massive amount of short interest, bets, essentially, that the stock would decline. as long as the stock fell, short sellers would make money the redditers found out if they collectively bought a bunchover gamestop, they could force a surge, they would have to buy back higher, creating what's known as a squeeze it worked. gamestop skyrocketed going from
4:20 am
$3 in april to nearly 350 today. several large hedge funds were severely wounded in the process. >> you have basically the david pack of wolfes beating the goliath pack of wolfes, that is retail investors winning against the professional hedge funds the weapon of choice are platforms like robinhood that have become popular during the pandemic many stuck at home have turned to the markets for entertainment and to make some money gamestop the only stock that the heavily surging, also moving in on bed bath & beyond, and amc. >> you can imagine their business is in great shape, after all, everybody is going to the movies. >> a little bit of sarcasm there from our colleague, david faber, but earlier today amc said it took advantage of the stock surge, sold $300 million worth, cash that may help during the pandemic, and both gamestop and amc stock prices did decline in after market trading, after the
4:21 am
s.e.c. said it is monitoring the situation. also tonight, wall street bets went private on reddit, shep >> leslie picker, thank you so much andrew ross sor, cohost of "squawk box," people aren't trusting the establishment, it marco must be time to change the rules, right >> that's what some people would say. some people look at this as a stick it to the man opportunity. they say the system has been rigged all long, and this manipulation is what it is, is just doing it just in reverse. i'm not sure everybody fully understands what's happening here in so far as even when you have a hedge fund that is the quote losers, who the losers really are which are pension f funds, and pensioners, i understand the dynamic at play, and it's remarkable, and it's a
4:22 am
lesson for everybody in so many ways, but at the same time it's become a ponzi scheme that has gotten more than a bit out of control. >> aponzi scheme, you know, i watched wapner with chamath palihapitiya, and his take was redditers did in the open, what the bigs do behind closed doors, move a stock if it's good for fund managers at idea dinners, why not day traders on wall street bets? >> you know, look, i think that i caution those who are out there thinking that they should buy into this stock because the truth is that there's no fundamentals behind what's happening here anymore. >> right >> and we could decide that the hedge funds that have gotten together over the years have created their own fictions in truth as well, but at the same time there was some fundamental basis for what they were doing it wasn't just made up out of nowhere. this is a company now, gamestop,
4:23 am
that is, that has a market cap of something on the order of $24 billion. you could buy delta air lines or you could buy gamestop i mean, that's what we're talking about here and a lot of people are being drawn in by the likes of elon musk and chamath palihapitiya, and others who think they're sticking it to the man, but the question is whether they're ultimately going to be sticking it to themselves. >> yeah, you covered the fallout from the 2008 financial crisis, banks were to blame then elizabeth warren today criticized hedge funds and wealthy investors, writing for years they have treated the stock market like their own personal casino while everyone else pays the price. it's long past fulltime for the s.e.c. and other federal regulators to wake up and do their jobs you have used words like ponzi scheme, and untruths, that doesn't sound stable >> well, look at some point this is going to unravel. it's almost impossible to believe that it doesn't, and when it does, there will be
4:24 am
finger pointing as there always is the question is who is going to be finger pointing at whom are the speculators going to acknowledge that they were simply speculators or are they going to say it was predatory behavior and they were induced into this. i will also suggest there are professionals who have coopted this movement. there are people out there now betting along with retail inve tors today there's a very unique dynamic. the question is what regulators could do to some extent this is all happening out in the open. that's something we all wanted you want transparency. this is such a unique situation and if there are real losers in this, they will likely be the retail investor. >> up 134% during biz day, incredible andrew, thank you so much. you have a big guest tomorrow morning, andrew will interview the former s.e.c. chair jay clayton, early in the 7:00 a.m. hour eastern time on "squawk
4:25 am
box" on cnbc first in business worldwide. apple's iphone 12 smashes holiday sales, and that's what's topping cnbc's "on the money." the tech giant dropped its latest earnings report after the bell today it included the final months of 2020 apple reported $111 billion in quarterly revenue. that is an all time record for apple. iphone sales grew more than 17% from the previous year, boosted by the new iphone 12 apple stock rose slightly in extended trading. boeing posted its largest annual loss in company history, almost $12 billion last year alone. most of that, 70% of it in the 4th quarter. boeing's problems stem from the grounding of its 737 max, and costly delays for its new jet liner. and the pandemic forcing people to rack up more credit card debt. since march, 51% of adults who
4:26 am
already owed money added to their balances that's according to a new report by 44% of them blame the pandemic [ bell ] on wall street, opposite of gamestock, biggest drop since october led by declines in big tech the dow down 634 points, 2%. the s&p down 99, the nasdaq down 355. both of those 2.6% people across the country are super frustrated trying to get a vaccine. kaitlyn hicky is one of them her dad died of covid. she was able to get a vaccine, thanks to her teachers union her story just one of four we'll present tonight. coming up, the obstacles they faced, and how you can avoid them. and the government has about 650,000 vehicles in its fleet. president biden wants all of them trashed and replaced with electric
4:27 am
and made in the usa. but can the car makers deliver we're approaching the bottom of the hour, the top of the news.
4:28 am
4:29 am
a duo climbs europe's tallest chimney, and one country's most active volcano blankets nearby communities in heavy ash as we go around the world in 80 seconds. >> indonesia, mount murapi erupting, spewing a thick ash
4:30 am
and lava down its slopes the eruption setting off the volcano's longest lava flow since the government raised the danger level in november authorities are evacuating nearby villagings out of an abundance of caution its last major eruption was in 2010, killing 317 people mozambique, a deadly cyclone devastates the south african country. >> at least six people have died. >> heavy flooding damaging one of the country's most important ports. it's the same area where a storm killed more than 600 people nearly two years ago now, the flooding is drowning large swaths of crops, and leaving farmers in fear over the annual harvest slovenia, champion climbers take on this 1,100 foot tall chimney, newly released video shows the nail biting challenge from october it's the longest artificial
4:31 am
multi pitch root in the world. pitches are the different sections climbers face the tower has 13 steep pitches and this duo conquered them all in seven hours, 32 minutes >> we made it. >> we made it. >> look at this view >> part of our trip around the world in 80 seconds. i'm shepard smith on cnbc. it's the bottom of the hour, time for the top of the news president biden signed three executive actions today aimed at tackling the existential threat of climate change, a key emphasis, creating jobs. the president also says he plans to replace the fed's entire fleet of cars and trucks with electric vehicles. he says they will be made in america by union workers. >> this will mean 1 million new jobs in the american automobile industry, 1 million. >> it's an ambitious proposal. one that many experts say will be easier said than done
4:32 am
by a long shot cnbc's phil lebeau on the top story at the bottom of the hour now. it sounds like a great idea but can it actually happen. >> not anytime soon. look at the federal fleet, 645,000 vehicles, but really only 3,000 of those are pure electric right now the most important number to look at, the pickup trucks, they make up 2/3 of the federal fleet, and shep, we're not going to see largenumbers of electri pickups coming off assembly lines and hitting the roads here in the u.s. for at least a couple of years. so be patient if you think this is happening soon. >> yeah, for now it's talk the biden administration says this plan will help create a million jobs, a million. is that likely >> a lot of people i talk with do not think that's likely, and here's why how quickly do you ramp up production of electric vehicles, and as you do ramp up that production what happens to the people who are working on the internal combustion vehicles that have been built for decades, do those people transition over to jobs in the
4:33 am
ev manufacturing and the other thing to keep in mind, one of the key components of this, shep, is that they want these to be built or come from union shops or shops that are friendly to workers having the chance to join a union so what do you do with a place like tesla, they're not unionized, does that mean you're not going to buy tesla electric vehicles, which by the way, tesla is the number one ev company in the u.s. right now. >> so let's talk reality now four years from now, how much of the federal government's fleet will actually be electric? >> i asked a number of people in the industry the guesstimate right now is maybe 20, 25%, and it's because you've got to have that supply coming in. and we just don't have that supply right now remember, compared to the rest of the world, the u.s. does not sell very many electric vehicles china will sell a million, a million, that's actually how many they sold last year europe has been pushing this they're coming on strong, look at us, just 221,000.
4:34 am
so we've got a long ways to go, shep >> thank you thanks so much, phil. president biden set so reopen enrollment for obamacare tomorrow set to be open for at least a few months giving people a window to sign up the experts estimate as many as 10 million americans have lost their private health insurance after they were laid off during the pandemic cnbc's bertha coombs now how is the president rolling this out >> reporter: well, shep, president biden is expected to issue executive orders to shore up the aca tomorrow. starting with the special enrollment period. now, the trump administration balked at reopening exchanges during covid last year, but a kizer family foundation study finds that doing it now would mean nearly 9 million people could gain coverage who are uninsured but aren't poor enough to qualify for the medicaid safety net program in states like texas, florida, and
4:35 am
georgia. biden also expected to expand and bring back funding for obamacare outreach researchers estimate more than a billion dollars went unspent during the trump administration. he'll also likely extend trump orders bumping up state funding for medicaid during the pandemic, as states are seeing a real surge in medicaid enrollment, but he'll reverse trump waivers, allowing states to impose work requirements on medicaid recipients. biden campaigned on passing a public option but he's going to need congress to do that, and analysts say these measures will provide immediate relief >> i don't think you're going to see a public option like he very heavily campaigned on. medicare buy-in, i think that's also a heavy lift. it's expensive, so i think you're going to see buttressing the aca, making it better, making it stronger, and actually those policies will enroll more people, like enhancing the subsidies and so on. >> reporter: the president expected to unveil those
4:36 am
measures tomorrow, shep, when we get the latest unemployment numbers, which could tell us how many more americans are losing coverage along with their jobs >> bertha, thanks so much. the real life struggles for many americans trying to get the covid vaccine for themselves or a loved one. one person likens the process to trying to snag hard to get concert tickets but with life or death consequences tonight, inside the frustration of those desperate to get vaccinated and when san francisco kids can safely return to the classroom, many will find their schools have new names the school board has stripped the names of presidents is authors and even a sitting senator all now deemed unworthy of the honor and california pays out billions of dollars in unemployment benefits. up next, the astronomical amount that's being stolen by scammers. >> the facts, the trh, t
4:37 am
4:38 am
it's going to take months for the vaccine to be readily available. that's what the administration and governors keep telling us. in the meantime, the doses that are out there can be so hard to come by. limited appointments, crashed web sites, long lines. it's a challenge that varies state to state nbc's vicky win follows four
4:39 am
families to see what their experiences have been like. >> the phone lines were just jammed all week along. >> relies on an iphone app, my parents are on android. >> this is a major problem for seniors. >> in video diaries, frustrated americans sound off about trying to get a coveted covid-19 vaccine. >> i was very excited. >> reporter: we joined four families as they search for shots in georgia, california, florida, and new york. >> so i'm just leaving work. i'm heading to go get my covid vaccination, and i'm getting a little emotional >> emotional for 32-year-old kaitlyn hicky, covid took her father. >> i lost my dad in april. >> how has this affected your entire family? >> it's devastating. i'm the youngest of six kids i have 14 nieces and nephews my parents were married for 43 years. he was like the rock of our family >> as a kindergarten teacher, kaitlyn had priority, and quickly got her first dose with
4:40 am
the help of her teacher's union. ask your union or employer if they have a plan to get you a shot many of us will be on our own. >> it reminded me of signing up for concert tickets or reservations at a fancy restaurant, except this is a life and death situation. >> in ka california, the washington family weren't so sure they would be able to secure a shot for vanessa's mom sylvia >> my husband helped my mom sign up. >> make sure you're eligible, is search covid-19 for links to public agencies. some ask you to register so they can send you an alert when it's your turn. that worked for the wa's. >> she received an e-mail saying her registration had been accepted and that she could sign up for an appointment. >> six days later, sylvia got her shot. >> i feel great. i'm very happy to get the shot. >> blare had trouble booking an appointment for her 76-year-old step grandfather in florida. >> every single time we log on,
4:41 am
the web site crashes right when it goes live. >> her 80-year-old grandma brook lucked out and the family managed to save her an appointment online gary who has preexisting conditions still couldn't get one. >> we have been trying to get gary vaccinated for three or four weeks. >> but the family didn't give up. >> my daughter and son-in-law spent a lot of time trying to get us vaccinated in six different counties >> after weeks of calling, gary got an appointment last week gary and brook stood in line for three hours, but it was worth with gary finally got his shot. lesson, persistence, and patience pay off call your local health department and know it could take hours to get through. you can also call 211 or 311 they're free and available in many u.s. cities a live person will answer. >> if you haven't found success, you're not alone millions of others are still trying. >> it's been entirely too complicated. >> due to overwhelming demand, we are currently booked and are
4:42 am
unable to make additional appointments at this time. >> in north georgia, julie stobbe still can't get through to book an appointment for her husband, herself, or her 95-year-old mom who they care for. >> i tried probably in the course of a week close to a thousand times >> you called a thousand times >> between my desk phone and cell phone at the same time sometimes. i did get through once, and it rang for 2 1/2 hours, and then it cut me off. >> how can you increase your chances of getting a vaccine appointment, call your primary care doctor, ask to get on their vaccine wait list if they're offering the shottings check with local pharmacies and colins and download the apps for major pharmacy chains. be sure to book an appointment most are not accepting walk-ins. help for you in the hunt for that life changing shot. for the news, i'm. san francisco is renaming 44 schools following a controversial decision by the school board there they voted 6-1 to scrub the
4:43 am
names of, for instance, george washington and abraham lincoln from the school buildings. supporters of the measure say these historical figures have linked to slavery and racism and oppression even a school named after senator dianne feinstein made the list, as mayor of san francisco, you see, she replaced a confederate flag that was vandalized outside city hall critics say the school board's decision is based on emotion rather than expertise. a hostage situation turned deadly, and a wild crash caught on camera, on a cnbc trip coast to coast >> texas, authorities say a doctor shot and killed another physician, and then turned the gun on himself it happened at a pediatrician's office in austin police say it went like this, the gunman, who was terminally ill took five employees hostage. he eventually let them go except for the pediatrician
4:44 am
after a six-hour standoff, the s.w.a.t team sent in a robot to the building and found both doctors dead now, investigators say the gunman went to the office last week to apply for a volunteer position but got rejected. they're still looking for a motive new jersey, a fiery collision course caught on camera police in galloway township say a pickup truck rear ended a 1956 chevy bell air, causing it to burst into flames. then the pickup crashed into the bay view volunteer fire company before flipping over the driver of the vintage car suffered burns the pickup driver not seriously hurt police say they charged him with dui and assault by auto. maine, don chrismon has been to every super bowl since the very first one in 1967, and this year is set to be no exception >> i can't explain it, but, you know, this time of year, something inside says it's time to go. >> the pandemic nearly sidelined
4:45 am
his 55-year tradition. but he says the nfl had a change of heart, and decided to sell him tickets at face value. now, about $4,000 later, this patriots fan is getting on a plan to watch tom brady in tampa. he says he wants to see the qb get another ring, even though he's wearing the wrong jersey. a hard core fan on this cnbc trip coast to coast. well, do you remember the young poet who really stole the show at the inauguration >> for there is always light if only we're brave enough to see it if only we're brave enough to be it. >> amanda gorman is taking her talent to the super bowl the 22-year-old will recite an original poem before the big game she'll be part of the in-game or in stadium pregame, to recognize three honorary game captains
4:46 am
chosen by the nfl, a teacher in los angeles, a nurse in tampa, and a marine in pittsburgh, helping veterans and families connect virtually. kickoff set for around 6:30 on sunday, february 7th stimulus checks, everybody wants one, but new data suggests it might be better for the economy if only one certain group of people get the money at all. and members of congress are now backing the idea plus, the department of homeland security issuing its first bulletin in more than a year, the threat of violent domestic extremists, like the peed at the capitol hill riots
4:47 am
it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? delegating? oh, good one. move your xfinity services without breaking a sweat. now that's simple, easy, awesome.
4:48 am
xfinity makes moving easy. go online to transfer your services in about a minute. get started today. a major warning today from the department of homeland a major warning today from the department of homeland security, the first ever about americans coming for americans it issued a federal bulletin citing a heightened threat environment across the u.s the department added the threat would persist in the weeks following the presidential inauguration the department did not cite any
4:49 am
specific warning, but it's concerned over violent domestic extremists who were quote fueled by false narratives. the department added that this group is motivated by a range of issues, including anger over covid restrictions, the 2020 election, and the police use of force. the last time the department issued such a bulletin was last year when it warned of potential cyber attacks by iran. the state of california has paid billions in unemployment benefits to scammers the california labor secretary, julie sue, says a criminal ring of hackers and identity thieves is looting the money from state systems. she says about 10% of all the jobless aid it paid out this year was completely fraudulent that's about $11.4 billion and then there's another 20 billion that officials consider to be suspicious sue says a large part could be from fake claims >> there is no sugar coating the
4:50 am
reality. california did not have sufficient security measures in place to prevent this level of fraud. >> cnbc's scott cohn on how that could possibly have happened, and how they're making sure it won't happen again. >> those in favor say aye. >> aye. >> reporter: this kind of money is a fraud magnet. more than $400 billion in emergency unemployment benefits nationwide with few new protections against fraud. the head of california's unemployment agency admitting this week the state was clearly unprepared for the type and magnitude of criminal attacks. >> it's almost like who's not doing this. >> reporter: blake hall who's firm i.d. me is now working with california and 18 other states to root out the fraud, says it is staggering. >> it was just unbelievable across every possible type of attack vector. the rates were generally ten times higher than what we typically see at federal agencies.
4:51 am
>> reporter: crime syndicates in the u.s. and overseas stealing identities, workers at nursing homes collecting false claims in the name of residents, or gig workers simply lying about their status it's not just big states like california, the unemployment agency in kansas reports tens of thousands of attempted frauds and once the crooks have your identity, a fake unemployment claim can be just the start. >> the information's already out there. it's like most things, once apparently it's escaped, it's done, there's nothing i can do to pull it back. >> all the more reason to guard your identity, your social security number, and your passwords like the valuable possessions that they are, and if you receive a tax document as many will this time of year saying that you did receive benefits that you didn't actually get, be sure to report that to the authorities. shep >> scott, thanks millions of americans are still desperately waiting for more covid relief, but new data suggests sending stimulus checks
4:52 am
only to families earning less than $75,000 a year could actually be the most effective boost for our economy. that's according to opportunity insights, a nonprofit research organization under president biden's proposal, most families would receive a $1,400 check on average. but not all lawmakers are on board. some democrats and republicans have been pushing the white house to send payments to only the most needy researchers say data shows families making more than 75 grand typically save their stimulus checks, which doesn't put money directly into the economy in the short-term. mr. biden has signalled he's willing to negotiate the covid relief package, though he says time is of the essence. strangers cashing in on your unwanted holiday gifts. >> there's obviously a big big demand for this type of merchandise. >> we follow the secret life of your returns and the money those items are
4:53 am
raking in for other people. but first, the comedy world lost a legend today, the actress cloris leachman has died of natural causes the actor and emmy award winner of stage, film and television, was 94
4:54 am
4:55 am
have you returned that shirt that doesn't fit or the slippers you hated for christmas. the national retail federation predicts there will be more than a hundred billion dollars worth of holiday returns this year but many won't go back on the shelves, instead they'll be auctioned off in bulk. that turtle neck you exchanged, a stranger could be cashing in on it right now. here's cnbc's andrea day. >> it's christmas in january for
4:56 am
danielle friedman. >> prada, michael kors, kate spade, some are harder to get than others. >> she's paid for a shipment of unwanted holiday presents, which she'll flip and resell through online marketplaces like posh. >> when i put up a prada bag i'm going to sell it. >> friedman works full-time, but her side hustle, buying an selling overstock handbags, has generated $35,000 in extra income in just two and a half years. >> there is obviously a big, big demand for this type of merchandise. >> marcus shen runs b-stock, one of oo a handful of online auctio platforms where retailers can off load excess or return merchandise to buyers like friedman who look forward to the holiday purge. >> after the holidays, we typically see about a 30% increase in returns. this year, with covid, we
4:57 am
certainly expect that to be up. >> b-stock's buyers have access to more than 50 major retailers. last year, that amounted to over $5 billion worth of retail sales. auctioned off through the site all of it turned through a network of nearly 2,000 distribution warehouses across the country. >> the reselling business in general has been booming eventually, there will be a buyer for everything that i do buy. >> talk about happy returns. for the news, i'm andrea day. bernie sanders and his mittens raising almost $2 million for charity chances are you've seen this image in a meme or two senator sanders sitting at the inauguration, mittens covered hands crossing his lap after the image went viral, the sanders campaign store offered this chairman sanders collection of clothing. the money went to vermont based charities that focus on hunger relief and other social issues well done, internet. one minute left on a race to
4:58 am
the finish, a wild week for gamestop, another big stock surge today, but the s.e.c.'s now monitoring, and the sub reddit thread wall street bets, which is responsible for the short squeeze just went private. we're still struggling to get vaccinated cdc reports states have received more than 47 million doses so far, but only about half o those have actually gone in arms. and tomorrow, president biden is to tackle the next item on his agenda, health care he's expected to lay out his plan for expanding access to health insurance and now you know the news of this wednesday, january 27th, 2021, i'm shepard smith. follow us on twitter @thenewsoncnbc
4:59 am
do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. our friends sold their policy to help pay for their medical bills and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned that we can sell all of our policy or keep part of it with no future payments, who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have
5:00 am
one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance. it is 5:00 a.m. at cnbc global headquarters and here are your top five at five. we begin with the worries on wall street. stocks just reeling following their worst trading day since october amid some new worries that are creeping into the markets. then we turn to big tech, shares of apple, facebook, and tesla, all facing some steep losses this morning following their quartersly reports we're going to sift through those numbers and break down the key take aways deep in the red this morning, the stocks at the center of the retail fueled rallies amid their mounting debate over the influence on the market. and helping to


info Stream Only

Uploaded by TV Archive on