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maria: my thanks to larry kudlow. up next, don peebles on real estate, the new lockdown situation and get his thoughts on a potential research shows people remember commercials with nostalgia. so to help you remember that liberty mutual customizes your home insurance, here's one that'll really take you back. wow! what'd you get, ryan? it's customized home insurance from liberty mutual! what does it do bud? it customizes our home insurance so we only pay for what we need! and what did you get, mike? i got a bike. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪ ♪ maria: welcome back. well, new lockdown restrictions in focus this weekend while states is have enacted new lockdown measures to combat the escalating virus surge, business owners are pushing back to avoid another shutdown that could shutter their doors for good. this week california governor gavin newsom announced the strictest measures since the spring, a new round of regional stay at home orders that will shut down outdoor dinin

great to see you larry kudlow. we'll be right back. .. maria: have a great day, thank you for being here. my thanks to this great panel. right onto "varney and company" we go. stuart: good morning, everyone. this is what happens when you defy the lockdown rules and go on television to report what you have done. arrested and led away in handcuffs, the owner of max public housing on staten island, he declared an autonomous zone so he could stay in business after a shutdown order. he was on his show yesterday. hours later the man was arrested. in california two more

kathleen: that was national economic advisor larry kudlow. looking to build on the recent momentum on the record closes as investors weigh the outlook for policy support and signs of a vaccine being close. joining us is kevin nicholson. thank you for joining us. have come on we the sunday news shows, a senator from louisiana president trump will come on board, along with mitch mcconnell with this package. he said the pain of the american people is driving this. days sinceouple of larry kudlow spoke. do you think momentum is building? is the stock get counting on that to extend the rally further? >> yes, i think momentum is building. a key element in why the stock it has been rallying, the stock market has looking for fiscal stimulus in this lame-duck scituate -- session or once president-elect biden took office. prior to christmas, it would be great because it would help with the rally. kevin, the jobs report on friday was equally overlooked. is that because people assume that the federal reserve -- not this week but the coming week -- will k

>> guys, let's bring in larry kudlow, director of the national economic council larry, good morning. happy friday good to have you back. >> thank you hello, folks, how are you? >> we're doing well. taking stock of the number today. charles evans of the chicago fed is on the tape now, it is a little disappointing would you agree? >> i suppose so. it came a little bit under consensus. not a lot, but a little. i like the 6.7% unemployment rate and i would note, by the way, the biggest declines in unemployment were minority groups, the toughest nut to crack, but they're really coming down, african-americans, hispanics, asians and also not a minority group, because they're a majority, but women unemployment came down those are the real highlights of this thing and as you know, 6.7% cbo and others didn't expect it single digits until well into 2021. so it is good report and i just make one other editorial comment before we get into it, back and forth, you know, you can't judge the entire economy by a number that comes in slightly below consensus. you have real, real strength in the pmis an

larry kudlow, thank you, sir. have a good christmas. there kudlow, national economic council director. back to you -- larry kudlow, national i, council director -- national economic council director. back to you. alix: thank you. joining us now for the market reaction is nick maroutsos, janus henderson head of global bonds. the markets very clear. yields up over six basis points here. the market expect the more stimulus. how much higher can yields go on this? is thinthink that there liquidity as we head into year end. there's this notion of fiscal stimulus heading down the chute, but i don't get at is as much as people thi. i think we will get a stimulus package before year end door into the new administration. i think the less action was the only physical front, the more inevitable we see the fed take action. to me, that is a more important piece of the puzzle. the fed is really the only game in town. it is something we have been saying for quite some time. the fiscal package matters, but whatever that is is really going to dictate wha

kudlow: not today. anything else? >> thanks, larry. >> happy holidays, larry.

kudlow: not today. anything else? >> thanks, larry. > happy holidays, larry. captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org president-elect said today's economy is grim due to 245,000 jobs added. slowest. and u.s. is 10 million jobs of the pre-covid economy. he says it doesn't have to stay that way if congress acts soon.

i'll ask top white house economist larry kudlow. he's on the show in the 11:00 hour. ♪ ♪ i am in misery. ♪ there ain't nobody who can comfort he many. ♪ comfort . ♪ stuart: still plenty of red ink. we are one with hour and eleven minutes into the friday morning trading session. the dow's down almost exactly half a percentage point and same for the s&p, a fractional loss though for the nasdaq. take a look at google. the company's getting hit with pulse billion antitrust -- multiple antitrust lawsuits. ash, how many suits from how many states? ashley: well, at last count, 38 states, 3 lawsuits. google accused of monopolizing the internet search market by using anticompetitive contracts and conduct. an a antitrust lawsuit joined by 38 statements claiming bag to -- states claiming google forces businesses to use its doing tools basically depriving consumers of choices. the states want the u.s. district court in washington, d.c. to order actions that prevent google for what they say harming competition. another state case focus

i just saw you with larry kudlow. even with these unemployment numbers, black unemployment has dropped and those facts scare the democratic party. they scare obama and biden. know why? because this president received the highest number of black male votes than any other republican. those are facts, not because of color. he made it available for all americans regardless of color. stuart: okay. listen to this one. i'm sure you've seen this but i want to ask you and our audience about this. president obama suggests that president trump's stereotypical macho style appealed to some young black voters. just watch this for a second. roll it. >> i think men generally are more susceptible to public figures who act tough, sort of a stereotypical macho style. i don't think black men are immune to that any more than white or hispanic men are. stuart: 29% of the georgia electorate is black. what do you say to those comments from former president obama? >> thank you for that question. let me be very clear and concise with my words.

larry kudlow, thank you. coming up next, joe biden defending his cabinet fixed despite facing heat from both sides. stay with us. whoo. i'm gonna grow big and strong. yes, you are. i'm gonna get this place all clean. i'll give you a hand. and i'm gonna put lisa on crutches! wait, what? said she's gonna need crutches. she fell pretty hard. you might want to clean that up, girl. excuse us. when owning a small business gets real, progressive helps protect what you built with customizable coverage. -and i'm gonna -- -eh, eh, eh. -donny, no. -oh. this on us, on every plan! get an iphone 12 with 5g, and if you're 55 and up, switch to our essentials 55 plan and save 50% on your bill vs. the other guys. that's right, iphone 12 on us! holiday on with t-mobile. >> i'm going to keep my commitment that the administration both in the white house and outside in the cabinet is going to look like the country. >> we're not done yet, jake. we are not even there. >> what i think a lot of people are saying is, am i going to pick

white house economic advisor larry kudlow spoke with reporters outside the white house on the latest job numbers. [wind] >> good morning, larry. hello. >> hello. hello. >> good. >> you ready for the final stretch of the gauntlet run? >> it has been a wonderful run. >> i just met this morning specifically. larry: we are busy today. reporter: you and the president were taking credit when things were going well in the economy. where is the president now when so many people are suffering? larry: well, look, there' a lot of suffering out there, i agree. but i will also argue the economy has registered a very strong comeback from the peak of the pandemic contraction including today's jobs numbers , with a 6.7% unemployment rate. now there's still over 10 million people who are jobless, and that's not good. that is hardship. and by the way, that should be a target of any assistance package. however, at the peak it was 23 million. and we now got 150 million americans working. that's way up. the 10 million who are unemployed is way down. so i like that. i have to say, look, in terms of these

white house economic advisor larry kudlow spoke to reporters outside of the white house on latest job numbers. >> good morning, larry. hello. >> hello. hello. good. >> you ready for the final gaunt llet run? larry: we're busy today. yes,

at the time the jobs numbers looked better than now and mitch mcconnell and larry kudlow and others said we didn't need relief. not getting better, negotiations stalled. broke down. nancy pelosi had this answer about why this number was acceptable now when it wasn't before the election. >> that is a total game changer. a new president and a vaccine. so there's nothing -- these are different, what was then before was not more of this. this is -- has simplicity, what we've had in our bills. it's for a shorter period of time but that's okay now. because we have a new president. >> i saw some people today saying this was an admission on the part of the speaker she didn't want a deal before the election, cynical political reasons. what's your response? >> not at all, she acknowledged when we passed the heroes act, we knew it was going to get worse, needed to extend enhanced unemployment, provide help for state and local governments and do something for the american people and over the long haul because we knew it was going to get worse before it got better. republicans on the other hand, hate

you must get larry kudlow to sate yields at 1%. jonathan: i think to get him to say something that would lead yields to 1% would mean there is agreement on capitol hill, and imminent agreement with the state eight for the above and a deal looks -- that looks close to $1 trillion, which is a bipartisan proposal, and something away from the $500 billion on offer from mitch mcconnell. lisa: this confirms the charade of the whole thing. it is not a surprise the market is weakening as we have an increase in the pandemic, record numbers of hospitalizations. it is going to get worse. people are going to stay home. restaurants are closing. the fact that this pushes over the edge some talks about stimulus efforts is notable as far as the p.r. aspect and the idea of trying to garner popular support, especially at the time of the georgia election. jonathan: talks that have been going on since before july on this particular package. we have been talking about this for a long time. a.m..ou slide in at 6:50 i am starting the morning early. the m

and finally, yesterday larry kudlow spoke at a virtual event here in washington, d.c. and said that the president would the $908 billion plan. i am going to do a grammar check. i don't think likely is an adjective. tom: why are you talking to me? [laughter] jonathan: when i spoke to larry kudlow on friday, he was still using the same language that we've heard repeatedly about badly manage states. so are we saying that if there is $160 billion in this bill for , theresident administration is not against that? kevin: precisely. biggest political difference between now and two weeks ago is is allowingnt trump leader mcconnell to take the lead on these negotiations, and leader mcconnell is driving this for the republican party at this particular juncture. lisa: do you think leader mcconnell is joining this with the idea that another fiscal stimulus package would be passed next year? or with the idea of saying this could circumvent any additional funding in 2021? kevin: both. it is really all going to come down to whether or not likely treasury secretary janet yellen and pr

. >> bill: larry kudlow earlier today with stuart varney. congress is racing against the clock to get a deal done on covid relief. chad pergram says both sides are trying to finish as quickly as possible. steve moore from the trump team and co-founder from government pari parity. steve moore, you get a shot now to close out the year. what is in the deal? is it too big? is it too small or just right, steve? >> boy, that's a big question. i have never been a big fan of a massive spending bill to get out of this crisis. it is a crisis. you know, we're looking at potentially 100,000 restaurants around the country closing their doors. some of them already have. we're looking at real problems with stores and retailers and the brick and mortar retail stores around the country that are not -- this is their biggest season and they're not open for business in a lot of places. by the way, it's divided america. those shut-downs are truly in states like new york, new jersey, connecticut, california and illinois that are run by democratic governors. you k

larry kudlow has it exactly right. that money should be repurposed. thank goodness it was transferred back to the federal government from the federal reserve which really no longer needed it, never used it, hopefully wouldn't but the fact is that we need this to be targeted. this shouldn't be, open the floodgates and let government spending you know, what wallop private, overshadow private sector investment. my concern, david, the growing dependence on government in the american economy should scare us, right? in april with the cares act the percentage personal incomes coming from government benefits jumping to 30%. david: right. >> that means fewer dollars are concerned by the average american worker and more come from the federal government. make it targeted, make it small. let peace get over the hump and retrace on this exorbitant, unprecedented amount of government stimulus. david: gary, i heard something that concerned me yesterday, when i was listening to joe biden roll out his economic team. he made the statement, let me just repeat it for you,

larry kudlow as indicated his support for the $900 billion proposal. >> i think it is a constructive effort, a good group, a bipartisan group. it is not our position, senator mcconnell's position, speaker pelosi's position, but i speak for myself. i think it moves the ball in the right direction. we have got roughly $600 billion of unspent moneys, and the law pulls them back by december 31 but why not use that. anchor: u.s. media is reporting saudi arabia is close to wielding its airspace and land space to qatar. it has been under a -- since june 2017. senior advisor two president trump jared kushner was in qatar on wednesday and is reported to have visited saudi arabia. bloomberg and the new york times suggest that tentative deal is being brokered by kuwait and does not include bahrain, the uae, and egypt. after almost through much of negotiations and there has been a breakthrough in peace talks between the afghan government and the taliban. the representative said they have agreed on a framework for negotiations. their agreement covers rules and procedures. next they will formalize

coming up, my one-on-one with white house economic adviser larry kudlow on the efforts to get a covid relief bill passed before the holidays. then later, don peebles is here to talk about the crippling effect new covid restrictions could have on the recovery. but first, let's take a look back at some of the big moments with top

kudlow as indicated his support for the $900000000000.00 proposal. i think it's constructed at 1st it's a good group bipartisan group lot of friends in that gang. it's not our position it's not senator mcconnell position it's not speaker pelosi his position but i personally i just paid for my little self i think it moves the ball in the right direction we've got roughly 600000000000 of unspent money as you know this and. the law calls that back by december 31st but why not use that us media is reporting that saudi arabia is close to reopening its airspace and land borders to qatar has been under a land sea and ok by saudi arabia bahrain the u.a.e. and egypt since june 2017 senior adviser to president trump card was in qatar on wednesday and is reported to have also visited saudi arabia bloomberg and the new york times suggests the tentative deal is being brokered by kuwait does not include bahrain the u.a.e. and egypt. after almost 3 months of negotiations there's been a breakthrough in peace talks between the afghan government and the taliban repres

small businesses are dropping like flies larry kudlow outlined what kind of plan. he says it is what trump wants, too. you should realize mitch mcconnell is not on board. i hope data convinces him to change his mind. it is possible that data does not matter because he does not seem data-driven instead wall street is focusing on the battle of province that we'll see from tech, housing and auto-company if the numbers are good, this market could have upside of bad news about the virus because if you are stuck work frg home, you may as well live in a big house than a city because it is dangerous especially with public transit metro properties but they're known for suburban homes affluent people are flocking to right now. a home is your school, a home is your office and home entertainment center we needed to take temperatures of the cloud as we did we'll hear later in the show this time with the help of coupa software which helps business find in procurement. i like coupa a lot speaking of sales force, they had their investor day this acquisition, i think it makes a ton

larry kudlow will be talking to jonathan ferro. this is bloomberg. ♪ this is bloomberg. ♪ ritika: this is "bloomberg surveillance." i am ritika gupta. reportedk, carmakers their lowest november sales in 12 years. registration plunged 27% from a year ago. caseser of coronavirus soared. the administration is accusing facebook of discriminating against american workers. the justice department said the social network designated thousands of positions for foreign workers with h-1b visas. shares of china's third-largest oil company fell to its biggest weekly lost since the oil crash in march. the pentagon added the company to a blacklist that exposes firms to heightened scrutiny and intentional u.s. sanctions. the move is likely due to companies drilling for oil in the south china sea. francine: thank you so much. we continue to track the virus. bloomberg -- vaccine with the u.k. earlier this week. there were questions from dr. fauci in the u.s. as to whether they had been too quick. your thoughts on that? >> the data that was submit

kudlow and so on. >> it's almost like a different species. the first thing the say is all of these are really, really good people. these are people who really know their jobs, know their subject. but that was kind of a given. we knew there was a very deep bench. i'm actually looking particularly at basically every one of these people would have been a plausible nominee for any of the most senior posts. you've got -- i almost feel like they're all kind of overqualified for the jobs they're taking because they're so good. it was not clear -- at least what some were worried about is would it be a progressive group? i think the relevant comparison is not trump. god help us with that comparison. but if you want to compare to the people that obama picked for senior positions this is a much more seriously progressive group and obviously much more diverse as well, much less in the way of wall street ties, much less in the way of kind of centrist, more progressive, less centrist leanings, and all of them really -- the other thing we worried about is,

the jobs numbers are not as bad as they seem says larry kudlow. in kudlow: i may have come under expectations. 6.7% unemployment rate, that is big news. the cbo and others do not expect the single digits until early 2021, so we have this ago digits the last couple months. mark: he added that the white house wants a targeted stimulus plan. president trump has raised millions of dollars since october for more than 207 million -- with more than $207 million coming after election day, an unusually large amount to raise after an election. much of the money probably will go into save america,

sayingry, larry kudlow on the bloomberg terminal that that additional funds would not be needed. the divide on full display. i bring that up because for the georgia runoff, senator susan collins admitted a willingness to work across the aisle on some divisive issues. but just how many votes are going to ultimately be needed? that is what we are waiting for to get more clarity on the runoff election. carol: kevin, the republicans lost some momentum as a result of president trump. kevin: i think the republicans would look at the house and say they made significant gains in terms of the dynamic of the house of representatives, but no doubt, they lost the executive branch, and we are waiting for clarity and georgia. with a smart update, kevin cirilli in washington. kathy jones is charles schwab's chief fixed income strategist. of course, we are watching is more stimulus is pumped into the economy. what is the ultimate impact when it comes to fixed income? great to have you here with matt and myself. how do you see the stimulus package and what it does ultimately for the economy, for

national economic council larry kudlow trying to put a positive spin on it. mr. kudlow: it may have come in a we bit under expectations, but 6.7% unlimited rate is big news. the cbo and others didn't expect single digits until early 20 putty one -- early 2021, so we got single digits last couple of months. guy: going us to discuss this is constance hunter of kpmg and bonnie but wage a -- and bhanu baweja of ubs. i look through the numbers, and all i see our emerging evidence that we will get some scarring for the u.s. economy. a lot of the jobs that are returning right now are basically people coming back. they were already attached to their employers, but what we are seeing is the participation rate moving in the wrong direction. these are the tricky things that is going to be a job for all of us to figure out over the next few years. constance: i would agree. we see some cracks in the covid impacted part of the economy. so the leisure and hospitality job growth slowed substantially. we went from a six month average of adding 577,000 jobs a month now down to 31,

we had larry kudlow give an interview to "the washington post." he said procss appears to be being made but nowx it so like aw+ sticking point is the liability shieldnl they're close but that doesn't mean much on capitol hill. >> yeah, you know, they've been close all year5and that's the problem. we've been sort of stuck in this ground hog day mode since the summer election results kind of shaket everything up. we saw joe biden send açósignal he was fine for them going for a smaller by&. nancy pelosi had beene1 holding the line for a 2-plus trillion dollar bill. joe biden said take it now and we'll try toç:u more after i'm that seems to be one of the jam. and depending what's in it, the president is likely to sign this thing. president signaling they're looking for a deal, you can expect the momentum is on the side of a deal we've seen that collapse before so we'll wait and see. >> exactly >> we appreciate it. thank you, sir >> you bet >> coming up, energy and finances are lagging todaykv) two groups remain the worst performers thi

here's larry kudlow on fox business. >> he's not dictating the language, but he wants an amendment to curb the unbridled loot protection shield these firms have. you reported this, all these big social media isn't is odd that conservative messaging is being taken down? >> joining me now is john kirby, and brian stelter. you know, brian, the president wants to get rid of section 230. just explain what it is and why the president takes such issue with it. >> if i started a website and you posted comments about me, i would not be liable. it happens all the time on the enter net. here's the exact language from the 1996 law. it says no protection of an shall be treated as the publisher or speaker of any -- so that means your hateful comments or my ugly comments or my ridiculous video would not be responsible to the person on the website that it's published on. the president right now has gone after twitter, because it keeps flagging his lies. he claims it's censorship, that there's systemic bias against conservatives, an the way to address it is reform of section 230. >> a lot of people do

when we had covid donald trump, larry kudlow, steve mnuchin, working with senate republicans and democrats in the house passed stimulus bills that saved the economy from depression. i don't know what kamala harris is talking about. when you hear janet yellen talk about income inequality you almost have to laugh. this is the thing with janet yellen. she supported everything president obama did in terms of fiscal policy at the fed when she was fed chair, she still kept interest rates very low which screwed over the middle-class savers and income inequality given her federal policies, federal reserve policies under her watch as vice chair and chair and fiscal policies under obama which she supported, dramatically in the obama years. i couldn't help but laugh listening to her talk about the middle class needs to be saved when the policies she enacted hurt the middle class. the policies she is looking to reverse clearly under a trump help to the middle-class and working-class. it is very stark and a story that is not being covered. neil: interesting point. the incoming administration will alway

let's take a listen to our friend, larry kudlow. he gave a little sound bite to our sister station. let's hear him now about the economy. >> the underlying economy is very good. you're going to roar next year, absolutely roar. by the way, apropos of nothing, i guess, if you follow profits, profits is the mother's milk of stocks and the economy. profits are booming and they're being revised up almost on a daily basis. >> that is white house chief economic advisor larry kudlow, want to get that in. so, you know, when you take a listen to what he has to say and consumer spending, what do you make of that? >> i think the consumer is pretty strong. and we're seeing it in retail sales that are strong and holiday shopping is very, very strong, but it's a big shift, that brick and mortar retailers are shuffling because people aren't going out or there are restrictions around shopping brick and mortar. everybody is shopping online and in fact, here is the smart phone prop. half of the shopping that took place cyber monday on and thanksgiving day is on mobile phones. people are shopping and t

how are they different from steve mnuchin, larry kudlow. >> almost like a different species. these are really, really good people. they know their jobs. know their subject. that was kind of the given. we knew. i'm looking particularly at basically every one of these people could have been a plausible nominee for one of the most senior posts. i almost feel like they're all kind of over qualified for the job. what's not clear would it be a seriously progressive group? obama -- i think it's different from president trump but if you want to compare it to obama's picks, it's a serious group, much less in the way of wall street ties, much less than centrist, more progressive. lessen tryst leanings and all of them really -- this is going to be an administration that's going to be worried about spending money? are they going to fall into the trap of the deficit and say, we can't build? i think not. they're going to be interested in building back better. whether mitch mcconnell will let us. >> i was roaming the house and had the tv on in the background and thinking about some of his a

the president's economic advisor, larry kudlow, was asked about the cyber attack on our country earlier today. as you listen to his response please know this is all we're getting from our white house. >> i don't know the whole story and i don't know totally who's responsible. people are saying is russia, i don't know that. could be other countries. i just don't know. >> are we going to hear from the president on the government hack? >> i don't know. >> today axios was first to report that the acting secretary of defense, chris miller, has ordered a halt to cooperation with the biden transition team. miller responded in a statement saying at no time has the department canceled or declined any interview. after the mutually agreed upon holiday which begins tomorrow, we will continue with the transition and reschedule meetings from today. but biden's team immediately pushed back saying they never agreed to a holiday pause. meanwhile today saw some high ranking public officials get the covid vaccine. both house speaker pelosi and senate majority leader mcconnell received their first doses of

national economic council director larry kudlow is speaking on bloomberg television with somebody we know very well, jonathan ferro. very curious to see what he has to say about whether president thep will back 900 billion stimulus package being put together by a bipartisan group of senators. we have not heard from much. really curious to see whether there is any openness to this new plan. 10:00 a.m., you also probe her factory orders. u.s. factory orders. still looking to that hope of 2021, not so much the misery of 2020. jonathan: the payrolls report certainly matters to the policymakers, and the debate that will play on capitol hill in the coming weeks and days come on let's hope it is days and not weeks. we have a bipartisan proposal. within that proposal, there's $160 billion of state and local government aid. within mcconnell's proposal of 510 billion dollars, zero. that is the story. maybe we will get some clarity later from larry as to whether that is a redline for the white house. state and local government aid. tom: we did it with francine all morning. we don't need new do

white house economic adviser larry kudlow spoke to reporters outside the white house on the latest job numbers. >> good morning, larry. hello. >> hello. hello. how are we? >> good. >> you ready for the final stretch of the gauntlet run? dir. kudlow: it has been a wonderful run. this morning, not more broadly. dir. kudlow: we're busy today. yes, ma'am. report

. >> meanwhile, national economic counsellor larry kudlow weighing in on economic efforts this morning on "squawk on the street." >> a targeted assistance plan from congress would be very helpful. i know the parameters seem to be closing. i know matter in mitch mcconnell is talking to house speaker pelosi senator mcconnell is more optimistic than he has been. there is no deal yet the numbers are getting closer there are some policy differences. >> joining us now to discuss, andrew ohlman, and ben harris the former economic advisory to president-elect. gentlemen, we heard from each of our former bosses. now we will hear from you. ben, i will give you the first question because it seems that both sides of the aisle now agree there is an urgent need for stimulus perhaps interestingly from the president-elect last hour he was extremely koi about his interactions with majority leader mitch mcconnell but repeatedly said he is encouraged do you read that to mean that perhaps they have spoken and he's gotten some sort of signal from mcconnell that he is willing to move forward. >> i can't comm

look at larry kudlow's record. look at gary cohn's record. larry was a long-time economist, worked at the fed, worked on wall street, had his own economics firm, was an economics writer. gary cohn essentially ran goldman sachs. was a trader before that. brian deese does not come with that type of background and it's raising eyebrows. people say this is a political appointment, this is essentially joe biden looking to throw some bones to the progressive left for some guy that essentially is a marketer of economic theory. couple other interesting points. larry fink unveiled a new investment parameter to take into account environmentalism and socially conscious investors at davos this year, before the lockdowns. i was told that fink, blackrock confirmed this, took the corporate jet to attend davos to unveil these environmental issues which always raises eyebrows when you use a corporate jet which is a gas guzzler as to carbon emissions. i asked if deese took the corporate jet, too. they say he flew commercial and has never used blackrock's corpo

after talking from larry kudlow from the white house, the total cost from with the economic damage will be somewhere 15 to $20 trillion to the united states alone. back to you. connell: 15 to 20 trillion. all right. edward, thank you. big vaccine news overseas today. the uk became the first country in the world to approve a covid vaccine made by the american drugmaker pfizer, german company biontech. jackie deangelis in the newsroom with more on that. reporter: good afternoon to you, connell. it is remarkable, takes 15 to 20 years to develop vaccines like this. it has been done in a matter of months. the pfizer-biontech approval has been green lit in the uk as you mentioned and the first shots will be given next week. 800,000 is the initial batch. the uk also ordered 40 million doses to come. it's a two-part shot. 20 million is about a third of the population but most of this is not going to be in the hands of those who can inject it until next year so keep that in mind. also interesting the difference in the the uk political and regulatory systems made it the first. here the fda is goi

you hear larry kudlow sounds like maria antoinette there talking about how things really aren't that bad. if you own a small business that has to shut down and you lose it, it's bad. if you can't find a job and you don't have a paycheck, it's bad. i think both sides understand that now. mitch mcconnell is now talking to nancy pelosi and they have got a must-pass bill, spending bill for the government that is going to be voted on monday. they hope to attach this to it. there does seem to be a sense of urgency. i don't know if the white house is communicating that but on both sides of capitol hill, both ends of capitol hill and the capitol, i should say, they seem to be moving forward on this. >> given the millions and millions of jobs that have been lost since the start of the pandemic. if you only create 250,000 jobs a month, it's going to take at least another three or four years to get back to where we were before the start of this pandemic as the numbers as you correctly point out are very disturbing. arlette, the president-elect wouldn't commit to naming people of color for defen

coming up, my one-on-one with white house economic adviser larry kudlow on the efforts to get a covid relief bill passed before the holidays. then later, don peebles is here to talk about the crippling effect new covid restrictions could have on the recovery. but first, let's take a look back at some of the big moments with top