tv Making Money With Charles Payne FOX Business January 26, 2021 2:00pm-3:01pm EST
♪. neil: all right. with everything else impeachment is on in the u.s. senate. marco rubio says this is gigantic waste of time, even if it is happening two weeks, three weeks from now. he is my special guest at 4:00 p.m. eastern time on fox news. can you imagine what he thinks of all these other efforts? we'll ask him. chairman sass sass in for cheryl casone in for my buddy, charles payne. >> good afternoon to all of you. stocks are in the green. including johnson & johnson. the ceo alex gorski will share details of the company's covid-19 vaccine trial early next week. that data will be a market mover if the date that is positive. we'll wrap up all the vaccine news you need to know and get reaction from dr. nicole saphier. more calls across the globe to
rein in the power of big tech. will these multibillion-dollar companies silencing conservativesp eventually ones to be silent. california business owners are cheering governor newsom's announcement. he is lifting stay at home orders across the state but is it too little too late? we'll get reaction from a california salon owner. mitch mcconnell is backing off the demand for the filibuster doesn't mean that more stimulus is on the way for the american people. we'll ask congressman michael waltz. all that and more on "making money." ♪. cheryl: stocks are performing right now. we opened up higher, went into the red. now we're back up again. the dow is up by 37. s&p by almost two. nasdaq up 19 points. better than expected consumer confidence that came in. nasdaq hitting new highs. the s&p hitting new highs during the session. any gains for either index would
actually be a new record at the close. we're keeping a close eye on this numbers. tech, microsoft at an all time high ahead of earnings. those numbers will come out after the bell. a lot of news moving the market today. here to break it all down, belpointe strategist david melson and bny chief strategist alicia levine. great to have you here. >> great to be here, cheryl. cheryl: david, talk to you first. we have had the banks come out. johnson & johnson come out this morning a lot of news about the vaccine obviously today. earnings are coming in better than expected. stimulus hopes are driving the market. at what point do you think the market starts to slow down or is this a momentum trade in your opinion? >> this is all about the earnings. we'll see headline numbers. headline numbers are important but cheryl, they're backwards looking. it's a snapshot in time. what i'm much more interested in, what investors are focused on right now. what is the other side of a
vaccine rollout look like? what is happening on that call. what are the ceo's saying about the companies moving forward? you mentioned microsoft and apple. microsoft tonight, apple tomorrow. that is 4.2 trillion of investor capital looking for good news. let's hope we get one. cheryl: alicia i said to you, good morning but, i get up 3:00 in the morning to do the morning show. i talk about market positivity. you could have made a bearish case in 2020. everybody was proven wrong by that. as we go. >> into 2021 we have virus and vaccines. how do you evaluate those two? >> there is softness in the market in the near term. you can't ignore all the positives in the second half of the year. as weigh go into earnings for just a second, what is interesting the old economy stocks, not the tech stocks, they have spent 2020 rightsizing
their cost structure. which means revenue starts growing again the earnings power will be awesome to, use a technical term. earnings for 2021 and 2022 have to go higher because cost instruction structures are set for a new world going forward. this is the plumbing quarter where costs are brought under control. that is the first thing. the second thing, the stimulus, i no we talked about it on this show before but you can't get away how much stimulus is coming towards u.s. households. much is put into the savings. we're up to $1.6 trillion in the aggregate in savings, for those who are not betting immediately. there is lot of pent-up demand. the market has great fundamentals. 90% of the s&p is trading above their 200-day moving average. you don't get tops when you have that kind of a broad performance. cheryl: we were looking at some of the beaten down energy names. obviously this is because of the
biden administration, david, and the move now to cap leases, at least on federal land for oil and gas drilling. i want to ask you about that sector and pick up what alicia said that people were saving in 2020. this is according to "barron's" economics. americans saved 1.4 trillion in the first three quarters of last year. you have the energy stocks, energy sector in everybody's 401(k) and consumer saving cash hopefully for a rainy 2021. >> that fuel for the market for sure and it makes sense, that these people, a lot of americans saved. we're in an uncertain time. nobody knew what the next paycheck will look like. there is a broad sector of americans out there work in close proximity businesses. for them their paychecks were decimated. anything they could save, anything at all was something they had to do, some cases their industries will never get back to pre-pandemic levels. so the stimulus package, that
alicia was just talking about, it is important. the key is, is it going to be targeted? i think that will be focus for this administration because congress is virtually telling them that. cheryl: alicia, glad you point out the fact that people are saving, but on the other side you are right about the stimulus. president biden is open to do more of a targeted rollout when it comes to 1400-dollar checks. you look at incomes, you want to get income to the lower income families, ones they needed the most. whether or not they spent the money is a different scenario, alicia, when it comes to stimulus, the numbers i'm seeing it, has to go through congress, the plan is 1.9 trillion. maybe it is above a trillion. maybe it is 1.2. maybe 1.3. what number could you put on the package, alicia that would make the markets happy? >> that is really interesting. i think the market is expecting one trillion dollars. that was the number expected before biden announced his
stimulus plan. i think it is rational number. whether he goes bipartisanship or regular way through the senate or rec sill ace you come to $1 trillion more or less. the democrats are against sprinkling money on everybody including those fully employed. i think there is understanding there is support for direct support to households but households that need it. targeting is the way to go for both of those scenarios. cheryl: i would like to see more infrastructure project es. i think that is one of the mosby partisan things you can do if you're a lawmaker is infrastructure. that is just me and my opinion. david, alicia, good afternoon to both of you, appreciate it. >> thank you, cheryl. cheryl: we do want to get you up to date on all the covid vaccine news that you need to know. let's start with johnson & johnson. ceo alex gorski saying on the earnings conference call this morning they will give an update on their highly anticipated
late-stage vaccine trial. they're in phase three next week. remember this is a one-dose vaccine not two. moderna said it is on track to deliver 100 million doses of its vaccine to the united states government by the end of march and to deliver 200 million doses by the end of june. moderna says the current vaccine protects from new variants from britain and south africa but will develop a new booster. joe biden wants 150 million doses in first 100 days. want to clarify, spokesman jen psaki that is the president is hopeful to get it that number. can we get to that number? dr. nicole saphier, can we get with to that number. >> we saw this with the trump administration too, president trump would say we'll have 100 million people vaccinated.
now president biden is saying same thing. they say hold on, whoa, we hope to get to that number. while president biden is correct the goal should be 150 million injections the next 100 days where is the supply? we have to make sure there is enough supply? moderna and pfizer scaled back on the promise what they're able to provide, it is a matter how much we are able to get and how quickly we get it to the people. the one interesting to watch, johnson & johnson saying they will have some phase 3 data from 45,000 participants sometime next week. i can only hope they will not drag their feet putting forth the eua application. as we know, we saw with pfizer and moderna, the fda dragged their feet a little bit even after getting the application taking many more weeks. if it goes on the same timeline we wouldn't have the johnson & johnson vaccine until sometime in march. so we need to learn from the past what we saw with moderna and pfizer.
johnson & johnson needs to move much more swiftly and the if. da does as well because the single dose vaccine, this will really be a game-changer. cheryl: we will hear from the first time the coronavirus task force briefing from the president biden tomorrow. we hope to get answers. i want to ask you about the vial situation, hard breaking to see seniors across the country waiting in lines for hours, they can't figure out a computer, can't make appointments. that is a bit after mess with distribution you would agree with me on that. i want to ask but the vial situation, seems a lot has been wasted because they were giving out five shots per vial. the pharmacist said wait a minute, there are six shots in these vials. what are you hearing on this front? are provide others saying all right, i will find somebody to give one shot to out of that vial? >> cheryl, this is frustrating me a lot because pfizer is now saying they promised x-amount of doses to the united states and
because there was this surprise 6th dose in the vials, they say they will cut back on the number of vials they're providing they actually gave more doses in those vials but what happened early on, cheryl, people who got the vials they were told there are five doses in it. we, we're rule followers in the scientific and research community. so if they say there is five doses, the majority of people were giving five doses and discarding the rest, that is what they said they should be doing. now they're saying because there was that surprise sixth dose we don't know actually how many people received that sixth dose. we don't know how many people actually or how many of those six doses were discarded. i wishing pfizer would not scale back on the vials that said they are going to give because i don't actually know how many surprise six doses actually made it into the arms of americans. cheryl: we don't know. we don't know. >> the vaccine rollout has been chaotic. that is what happens when we're trying to get millions of americans in the middle of a
pandemic when everybody is scared for their life in terms of computers and phone numbers and everything. it needed to be much easier. people needed to be able to go to the local pharmacy or local publix or whatever big retail chain is there, to get the shot. it should not have been the muddied rollout it was with all of these restrictions enforced by state legislators. cheryl: i've got 10 seconds in your best guesstimate, when do we get the majority of americans if johnson & johnson comes on line? is it april or may? there is no clear answer. >> between natural immunity from how many americans have already been exposed plus the vaccine induced immunity i think we'll be truly reaching that herd immunity level late spring, early summer. we have to keep an eye on those variants to make sure our immunity covers them. cheryl: gosh, i hope you're right. dr. saphier, thanks for being here. always great to talk to you.
>> thank you, cheryl. cheryl: talk about california. california governor gavin newsom joining other democratic governors in lifting covid restrictions. he says politics is not playing a role but one california assemblyman isn't really buying that. he will join me later in the hour. despite outrage that big tech is suppressing conservative voices washington is dragging its feet on taking any action. florida lawmakers are saying enough is enough. details coming up next.
♪. cheryl: well congress has been apprehensive to rein in big tech florida state lawmakers are trying to do it themselves. susan li has those details. susan? reporter: we caught up with florida state representative randy fine and he is proposing red states fight back against big tech censorship with their dollars. >> we've seen
these five companies, apple, google, amazon, twitter and facebook target conservatives. viewpoint discrimination is dangerous and while they may have the right to do it legally we also have the right to choose who we do business with. reporter: that includes the permanent banning of president trump's suspensions and other gop members. also listing deplatform of
parler as another example. parler, the subject after house congressional push to be investigated by the fbi over its role in the planning of the capitol riots. republican lawmakers pushing back, they have asked for twitter and facebook to also be investigated as well. despite the threats from d.c., we have big tech getting richer and richer, trading at record levels and a sign of wall street confidence that big tech will not be broken up or severely punished. >> when you tell half of your customers to pound sand, they
tend to believe you. i think that is what these companies have done. i think you will start to see dramatic effects on their revenues? >> how likely will these proposed measures pass? mr. fine didn't say but he does have the support, including governor desantis of florida and cfo in florida, tweeting out his support as you see here. other states are considering similar proposals, that includes the state of tennessee. cheryl? cheryl: susan li. thank you for that report. joining me with reaction to all of this, bring in independent
women's forum policy analyst kelsey bolar. the lawmakers in florida, it might be a double-edged sword, right? they want to stand up to say big tech is censoring conservative voices, but on the other hand think may need big tech and facebook and twit her it comes to campaigns. what do you say? >> there are certainly political risks no longer purchasing ads on the social media platforms but principally this is the right stand to take. you have to flip the question why a red state, florida, would use their taxpayer dollars to fund the big tech companies are wielding their power against the vast majority of their constituents who voted for president trump? i mean twitter deplatforming a duly-elected president of the united states says a lot and the fact that he still doesn't have his platform back really tells
half the country that these big tech companies have no interest in engaging with you. so using, using taxpayer dollars to fight back to make a statement perhaps will get through to the companies because we know that criticizing them thus far has not and it does not appear as though any democratic lawmakers are motivated to rein in big tech. if anything they're calling for more censorship. cheryl: i was going to say, after, we really didn't hear a lot from democratic lawmakers before january 6th and the riots. this all kind of happened after january 6th when they started to say, that they wanted censor big tech. at the same time they are not seeming to move very fast on washington in this. we've only had a new president for a week, if they're really serious about this, they haven't made big moves yet to do so? >> they have not. and i do think it will be a big regret of the trump
administration not to have taken a harder stand now that we're seeing how far big tech is going in suppressing free speech in the united states. this is a massive issue. it is not just a political issue. it's a fundamental issue of free speech and if twitter and facebook and amazon have the right to choose who they do business with, why doesn't the state of florida? it is about time that you know, conservatives instead of complaining about this type of censorship from big tech companies, that we actually put a money where our mouth is and take a stand and send these companies a message that we are not going to keep funding you if you are going to engage in viewpoint discrimination. cheryl: there is another message that these companies have been sending particularly last year when it came to lobbying especially if you look at amazon and facebook. obviously facebook has got antitrust issues.
so they upended their lobbying starting to spend more money, it was millions of dollars for both those companies, more than google and more than twitter for sure, kelsey. so that money is working in the system somehow but how? >> absolutely. we know these are the wealthiest, most powerful companies not just in the united states but in the world. we know that twitter banning president trump has garnered international attention and actually a lot of criticism on that front. and so we do have to hold them accountable with our dollars. i regret the fact that we are heading towards a place in this country where we decide where we eat, what social media platforms we use based on those companies politics this is not a win-win situation for any american. that is lose-lose situation you about it is really about time that these companies listened to many of its consumers who are conservative and enabled them to engage in dialogue in a
productive way. let all sides be heard including the former president of the united states. cheryl: yeah. we'll see how long this ban lasts at least on president trump. kelsey, thank you very much for that. we appreciate it. >> thank you. cheryl: well california is lifting its stay at home orders but will this put a stop to the growing campaign to recall governor newsom? were lifting restrictions too little too late for small businesses across the state? i will ask one salon owner coming up next. ♪
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they provide the potential for regular income...are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763 cheryl: california democratic governor gavin newsom insists lifting his state's stay at home order isn't political but it comes amid a massive campaign to recall him and his other democratic leaders seem to be changing their tune after the inauguration last week. joining me now california republican assemblyman kevin kiley. good to have you here. i hope i can call you kevin, if
that is okay he lifted -- all of sudden we wake up yesterday morning, i wake up at 3:00, stay at home order is lifted in california that was quick. do you think it's a good move? >> not only that the previous day we were told the exact opposite would happen. those small areas that didn't have stay at home order would be removed. the haphazard this thing has been handled. related to the your question about the recall, everything this governor has done since the covid-19 response has been political. this doesn't surprise me. cheryl: this is the sixth time there has been an effort to recall him but this one seems to be gaining traction. they need 1.5 million to get on the state ballot. their goal is two million by march. looks like they're getting pretty close to that at this point? >> yes. i mean, 1.2 million signatures and counting, the pace of signature collection has picked
up. you're right there is previous attempts. there have been dozens, hundreds of attempts at recalls of california history this is the first time there is any attempt that turned into a movement. we have not seen a citizen's movement like this in california for a long, long time. comprised people of all backgrounds and political affiliations are fighting back against a corrupt governor and a corrupt state government that called our state's decline for a long time and brought it into free fall over the last year. cheryl: why would you use the word corrupt? i can see unfair. i could see not following science and data, particularly talking about the outdoor dining ban in california which i personally think made zero sense. indoor dining okay, but outdoor dining, come on. why would you say corrupt become to gavin newsom? >> i said corrupt because he handed his keys to the office to his biggest campaign funders. if you look at schools, there is no clear with tragic consequences.
gavin newsom imposed the harshest school closures than any state in the country and don't at behest of california's special interests which was responsible for his rise to power, the california teachers association union. the same thing with others pandemic response. i use corrupt more broadly. every action he has taken during covid-19 been in my view designed to serve his own political interest and his own self-interest. to the extent his response has been unscientific and been incompetent and a lot of other things, it results from that fundamental failure. cheryl: it is eyebrow-raising, because at the same time, that newsom made this decision, lori lightfoot in chicago, a democrat, she was, oh, we have to open up the bares and restaurants. governor andrew cuomo in new york state, oh, we've got to start to reopen. boy you changed your tune pretty quickly after the inauguration. just it is what it is. kevin, thank you very much for being here. we appreciate it. >> thanks for having me. cheryl: let's stay with this because with newsom's order,
businesses in certain regions can reopen like salons and in-person dining. one of them is happening in santa clara county. our next guest own as san jose hair salon. she joins me right now. i have to get your reaction. how is your business doing at this point? is this too little too late for you? >> yeah. i, i think that for my business, lucky that i do believe we will make it through this but it has been devastating, devastating to my business, to my company. i mean my heart goes out to all of the salon owners out there and the staff that have had to close their businesses because there has been a lot involved in a facebook group where we support each other and kind of stay up on what is going on with openings, closings, openings, closings. so many of my colleagues come on
saying i can't, i'm handing in the keys, we're closing down. it is heart-breaking. it is just heartbreaking what they worked for every day. cheryl: salons, i have to say here in new york stayed open. what we've seen, i will use new york as an example, that is not where we saw the spread of the coronavirus with salons and gyms. some of it was in-person dining and face-to-face inside but what we've seen more is people getting together in their homes. i wonder if you and your colleagues collectively got together to fight back against the state and governor newsom? we're not, the science does not show our business is spreading coronavirus, did that happen? >> absolutely we have. we have done safe protests. woe reach theout with the professional beauty association which filed a lawsuit last week that it was unlawful before they decided to reopen.
and we, we we've been schooled in sanitation an infectious disease. that is what we get our, that is what we're licensed for, part of what our license is for and part of our tests. and so for sure, like you said, we, we, they have not traced it to our businesses. in fact, for the small amount of time i've been open, we have been closed seven months of this year, we have not had one case of coronavirus in our salon. that is the case after lot of salons and my colleagues. the sanitation protocol we take in our companies we take them very seriously. wesanitize with medical grade sanitizer. our gas bill more comfortable going into our companies than some of the stores i've gone
into. my husband went into one of these stores, there were so many people, and his poor wife couldn't go into their sanitary salon and take care of her business and customers. cheryl: denise, it is heartbreaking it is, it really is. the best to you and all of the salons in california and i really hope you guys get back on your feet. thank you for sharing your story. we appreciate it. >> thank you. cheryl: well fox business has an inside look at some of the most expensive home on the market across the country including super bowl-bound tom brady's manhattan digs. only a few can afford brady's penthouse but prices are soaring. what housing stocks should you be buying? we'll be right back.
♪. cheryl: one of the world's most expensive homes is heading to the auction block today in beverly hills and joins several homes on the market with price tags so big, even the rich and famous have to dream a little bit. kristina partsinevelos has more. hey. reporter: welcome to the life-styles of the rich and famous. before i get to the most expensive home why i am here in tribeca, where casually there is rolls-royce, on the 12th floor, a apartment sold for 3million dollars. it has five bedrooms, 1900 square feet. it belongs to tom brady and michelle bundchen. $37 million is peanuts when you consider $160 million. that is a villa that just got put on to the market today in beverly park, california. if you can fit 13 bedrooms, a bathrooms. you can put your 30 cars and you
will be neighbors with eddie murphy and denzel washington. it's a gated community within a gated community. just half that price, shy of $80 million, you have this florida home. this florida home boasts seven bedrooms, 11 bathrooms. seems like the rich and famous always want more bathrooms than bet rooms as well as landing for your helicopter. the land trust is linking to problem to gabriel who runs activist hedge fund. for those last but not least, i still can't afford $80 million, how about this property as well in the miami district worth $14 million. newly renovated. it is furnished. unfortunately they do not allow large pets. like you mentioned, cheryl, some million dollar homes, many are on the market right now, i only can pick three or four, the rich
and famous can only daydream about some of their properties i would like to end how robin leach would say, cheers, to your champagne dreams and your caviar wishes. back to you. cheryl: drinking on television for you. hold on, i have breaking news. speaking of tom brady, i just found out, we got access to the house that he almost bought down in tampa. i will go into it next week. 7 1/2 million which is nothing compared to the penthouse he is selling in new york where you are. reporter: i thought you were going to tell me you hit the lottery. congratulations nonetheless on that. cheryl: oh, i wish. a lot of things to buy. kristina, great job, thank you, ma'am. reporter: thank you. cheryl: it is so fun to look at all the houses but while only a select few can afford a multimillion-dollar home, an american dream of owning a home is alive as and well.
prices surge to a six-year high. people flee large cities heading for the suburbs. what does this play in all of this? the michael lee of michael lee strategies. i don't know about the builders. they had a pretty good year at least in 2020 they did but you got to wonder when the building is going to be too much, michael. in the burbs? >> cheryl, there has been a massive trend moving towards urban areas, with household formation since the great financial crisis. what we've seen in covid is a complete reversal of that trend. people are going back to wanting their parents four bedrooms, three bathrooms they thought they would avoid and raise their kids in brooklyn, new york, or some other city center or more congested area, quasi-city suburb, moving out to a space. this trend which continue
stopped basically in 2020. we have many years going ahead of this. the way i would prefer to play it in the stock play is through the retailers that are supplying the trend. i think everyone has been all over this homebuilder trade. you have a lot of forces at bay in the retail sector, particularly at target where you can buy a lot of stuff for your home and its company management put together all different pieces selling omni channel. whether online, picking up at store, in-store experience. target is nicer version of walmart. they have great stuff for your home. they have flat screens, technology. you name it, they have got it. the other thing going on in retail right now sales are hitting all-time highs as inventories are hitting all-time lows. as retailers go into earnings roughly six weeks from now you will see some of the best earnings they ever produced. cheryl: that goes back to my original question, a lot of
these especially home improvement companies like lowe's and home depot they did really well in 2020. that goes back to my question whether are we oversaturated in the more suburban areas around big cities? there is always a reverse, right, michael? everybody flees to the suburbs. next year it is like, oh, i got to go go back into the city, to atlanta or new york. you see what i'm saying. i am trying to get ahead of the trend here if that makes sense? >> i think the trend has been people gravitate towards cities for so long so much so people decried the end of suburbs only for covid-19 to completely reverse that trend. i think this will be a multiyear phenomenon we're seeing in front of us. we're only at the beginning of it. keep in mind, the long end of the 30-year treasury ticked up a little bit. the federal reserve is buying $40 billion of mortgage bonds a month. that is almost half a trillion a year. so those mortgage rates will
continue to stay low until the fed changes course which i don't think is anytime soon. so i, cheryl, i have am very bullish on the suburbs and getting out of the cities. cheryl: yeah. hey, if you get 30 year at 2.6%, i mean, hello. it's amazing. michael it is good to see you. thank you. >> great to see you, cheryl, thanks. cheryl: we'll look at the stock right now that is moving today. this actually started before the bell. shares of beyond meat are surging over a deal with pepsico that was just announced today. the two companies are teaming up to develop and sell snacks and beverages made from plant-based protein. beyond meat taking a surprise loss in the last quarter as the pandemic took a bite, get it, out of demand for its products at restaurants and grocery stores. this partnership with pepsico is propelling the stock. it is up more than 20%. plant based is looks like it is here for now. cheryl: the white house agrees
to more narrowly targeted stimulus checks in an attempt to get support for president biden's $1.9 trillion plan. representative michael waltz on whether this changes his mind whether the bail youth is bad because of blue state bailout with long down policies. we'll talk about it when we come back (vo) businesses are always making choices. here's a choice you don't have to make: the largest 5g network... award-winning customer satisfaction...
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♪. cheryl: president biden wants a two trillion dollar covid relief package including 1400-dollar checks for the american people. once again gridlock in the senate is slowing everything down, as a result of petty fights over the filibuster, they are doubtful that they could tackle the next covid package until march. want to bring in florida congressman michael waltz. i want to ask you about this. the balance of power has shifted. mitch mcconnell in some way, shape or form basically have to get along with charles schumer, look like the filibuster is here to stay. how does this play out for the gop right now? >> i want to emphasize the filibuster is not some kind of a arcane parcel men temporary trick that is the thing --
parliamentary trick. that is forces bipartisanship in washington. i'm telling you if that gets eliminated and all the democrats need their caucus plus vice president harris, they were that is, that is the door flies wide open to stacking the court, to government-run health care, sanctuary cities across the nation and the entire progressive agenda who are needing those other republicans to come along is what moderates their progressive agenda and i'm shrilled mcconnell really held the line on that. cheryl: looks like it will stay. it's a block being tech knee is the best way to simply phrase it. but you know, we'll see how the two gentlemen get along. they have a long history, decades-long history, based on friendship. charles payne, the host of the show he talked a lot about this on the program about the max exodus from blue states to red states, i talked about it. are you ready in florida for complete influx of new yorkers that will be getting out of here because they're sick and tired of governor cuomo?
>> look there is 1000 people a day moving into florida. last statistic i saw, 400 of them per day are from new york. it is just a sat tale of how bad governance chases people away. people are the verying with their feet. i mean you know one thing to understand is, florida, new york, roughly have about the same population but florida's state budget is half, half of that of new york. so how we managed to get along, serve our constituents, have a great state that businesses and families grow in without taxing them to death is something that i think cuomo should take a hard look at. cheryl: if you look at the taupe five states where you have seen a mass exodus in 2020, new jersey was number one. new york state is number two. where are they going? they're going to florida. i want to ask you about this, one of the things governor cuomo is doing, want your opinion, he is threatening to sue the administration if he doesn't get $15 billion because of finances,
the budget deficit, the hole that he created. >> yeah. cheryl: just from a, your perspective here, you know, i don't personally think you can tax your way out of problems in government but what would you say if you were here? >> well, governor cuomo needs to sue himself. these are, it is his bad policies that have caused this massive deficit in new york. you know, state budgets have to balance their budget. the federal government does not. cuomo knows that and it is his lockdown mentality and his lockdown policies that have forced so many businesses to close, have caused so many people to go unemployed, they are no longer paying state taxes that causes this massive deficit. now he demands the rest of america fill in the void. governor newsom in california the same thing. the irony all these people escaping new york to come to florida with no taxes but the same high quality services are having -- to go back in and bail
it out. it is ridiculous. cheryl: you have a great tax situation, super bowl, go bucs. thank you, congressman. >> go bucs. i will get fox to move down here too. cheryl: i'm already planning it. congressman, thank you. >> all right. great. talk to you soon. cheryl: just kidding. i loveman hat tan. we'll be right back. stay with us. everyone remembers the moment they heard... "you have cancer.” how their world stopped and when they found a way to face it. for some, this is where their keytruda story begins. keytruda—a breakthrough immunotherapy that may treat certain cancers. one of those cancers is advanced nonsquamous, non-small cell lung cancer, where keytruda is approved to be used with certain chemotherapies as your first treatment,
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the dow and the nasdaq are higher if the nasdaq and the s&p close higher it will be a record for the index and danny hughes talks more about this, "after the bell" coming up, we have microsoft that will be a big market mover, starbucks, capital one, what are you looking for? >> almost in the shank of the earnings season, it will get really busy today after the close we have microsoft which is an excellent record of meeting expectation were expecting a dollar 64 earning per share on 40-point to 3 billion. they just invested or announced investing $2 billion in self driving and they have an xbox that was released late last year end intelligent cloud has been a segment. there's buddy $138 billion in cash. for the last six months they could potentially break out with something really exciting after the close.
you have got to watch that, starbucks which we do not own is up more than 10% since the pre-pandemic top. earnings-per-share were expecting 55 cents on 6.92 earning revenue. i think this one is overpriced we see even though they hit marks there investing in china and they say china is hitting the ground running but we think that is overpriced. i know charles is watching, this is his favorite canadian national airway, there expecting 1.8 per share on $2.8 billion in revenue, real traffic is up over 4% this week and that has been a boom for the rally. however, this one is really overpriced, i really don't think we will see much of a huge rise. liz: there's the stock, factually higher and with the president moving against oil and
gas, is a particular across the country and might be getting a little bit more interest if you're stopping a pipeline like keystone. thank you for having here. it is good to see you. we will be watching the numbers coming in "after the bell" microsoft will be busy and i'll be back in the morning posting "mornings with maria". now over to my buddy liz claman. liz: good to see a we are watching microsoft ahead of that but right this minute we are watching an epic war going on the investment underworld death is our but the fight is bending over and up onto wall street and wounding major players. read its wall street looking to take the shirts off the backs, we have one of the top shortselling experts in the world on the state to play and what it means for you even if you are not involved. former security and exchange commission chairman harvey pitt is iner