That they short. This is a startling development in a battle that has taken it to washington as both sides are preparing to meet the politicians who have it out to regulate wall street. Welcome, everybody. Im neil cavuto. This is your world. And in case those big hedge funds were looking for trouble, well, they found it for themselves. Because theyre going to put up quite a stink, quite a fight that theyre no ones tool, capitalist or otherwise. Charlie gasparino has more. Whats happening here . Neil, the speculation in these stocks has farranging implications. The markets are going nuts. The stocks are up and town. Gamestop is down dramatically. Somehow the focus get on hedge funds following comments by massachusetts senator Elizabeth Warren who thought this was a good time to crack down on hedge funds. She seems to have some support in congress, and some republicans. The Hedge Fund Business is fighting back. Theyre worried about restrict Tiff Measures from congress that curtails what they to, how they do it and the practice known as Short Selling. Making money when stocks decline. We should point out a couple of hedge funds got caught in this frenzy over gamestop not making money but losing money. They were caught in a short squeeze. When prices go up, the short position loses value and at least one funds needed a bailout from steve cohen, the current owner of the mets and one of the top Hedge Funds Executives in the country. The hedge funds are planning a Battle Royale with congress or an Information Campaign a vigorous one where they go to congress and to the public even and explain the benefits of Short Selling and what they do. We should remember that Short Selling uncovered many of the biggest frauds ever that saved investors tens, hundreds, countless billions of dollars from enron to valiant to martin forgive me for not saying his name. They had information to the marketplace where the stocks are being touted. Theyre planning to gear up right now. Listen, neil, as i talked to the Hedge Fund Executives and theyre a lobby group called the manage funds association, which will be heading this effort, they were telling me, listen, we knew something would come down against us given the makeup of congress. Now that its democrat. You notice Elizabeth Warren, the Progressive Democrat from massachusetts is on the finance committee. What we department know is what the triggers of that would be. Its this whole thing involving robinhood, gamestop and red did it and they feel it unfair. They had nothing to do with the speculation and the promoing of these stocks where some of these people will lose money as it closed below 100 a share today. Somehow hedge funds were involved shorting the stocks. Should point out the problems with gamestop, blackberry and some of the other stocks, amc that were at the center of this. It was they believe they became a convenient whipping boy for progressives like Elizabeth Warren who harbored intentions to regulate them. Its going to be game on now. Neil we know the robinhood ceo has been called on to testify and some like Elizabeth Warren were wondering if they had a cozy relationship with the hedge funds. Theres no proof of it but seems to be will he be facing scrutiny in congress but a lot of these short fund traders will as well as well as managers. This could get pretty big, pretty ugly pretty fast. Could get ugly. The facts are on the Robinhood Ceos side and the hedge funds side. Lets be clear here. The robin hood ceo had to stop trading the stocks, lock down the stocks because he couldnt meet capital requirements. Does he have relationships thats it. Thats factual. You cant deny that. Everybody knows that. Does he have Side Relationships with hedge funds . Well, certain parts of the Hedge Fund Business by his order flow and match to buyers and sellers that is a big business for that side of the Hedge Fund Business. Guess what . If they didnt want to buy it, robin hood would sell to someone else because its a valuable commodity. The consider theory falls apart quick here. Im not some big defender of hedge funds, neil. Ive written books about them going off the rails. They dont like me a lot of them. But in this instance, the class warfare argument doesnt match logic or the facts. Neil all right. Very good, charlie. Very easy to politicize this. Were going to explore it in more detail in the next segment. Why the general markets were running up today. A lot of it had to do with trouble for all of those stocks that were shorted and people buying them, that there might be a come upance going on here. Those that bet open stocks going down are still doing so. Those that want to reverse that activity are still doing see. We might have sinister motives to this but were discovering sometimes when people rush for the door, theres only so many that can get through. Might be as simple as math. Well explore that a little bit more detail. Mean time, fox on top of two storms barrelling down. Not only the political one you saw brewing on hedge funds but mother of all twin storms that has hit 80 million americans along the northeast cost of the United States. And much further. The latest right now. Bryan llenas who is looking at an east coast trying to dig out. How is it looking, my friend . Hey, neil. Youre talking about 16 inches of snow in new york. Theyre having fun. Nobody has been under a more strict lock down in new york city for this long anyway. The end of the day, 17. 2 inches of snow in central park. The snow continuing tonight into tomorrow morning. When its said and done, this could be a top ten winter storm hitting new york city. The most snow weve seen since january of 2016. Overall, Flight Cancellations. Take a look. Over 350 Flight Cancellations jfk, lga and newark. 30 of all flights coming and going from the airports. In new york, there was over 300 crashes on the roadways in this state. At 1 point, we had 30 to 50 miles an hour gusts. 13 inches of snow falling per hour. New jersey saw over 600 crashes on their roads. Pennsylvania declaring a State Of Emergency. Some spots seeing 2 1 2 feet of snow there. Theyre declaring a State Of Emergency to clear the roads of snow. As a matter of fact, some interstates have banned commercial cars and trucks from traveling on those roads. Take a look at this video. This is from connecticut. Stanford, connecticut. A truck stuck in icy waters there. A man and a woman saved from that truck thankfully. A dangerous situation. Overall in new york city, the Vaccination Appointments have been cancelled for two days. They will resume tomorrow as well as Outdoor Dining if you can stomach it in this february weather. Restaurants feeling it. Hopefully Indoor Dining starting valentines day and things will get better. Neil . Neil thanks. Adam klotz on punxsutawney phil. If that little creature is right, get ready for more winter for six weeks. Adam, say its not so. I wish i could say that, neil. Unfortunately more winter is on the way. Maybe more winter storm in areas that we saw the winter storming the last 48 hours, this is the system dropping the snow in the midatlantic, new england. The heaviest snow continues to track into interior new england. 33 inches in new jersey. A lot of spots getting up to two full feet of snow. We have winter storm watches and warnings stretching to maine. Areas where you can see rain from this heavy system. The forecast runs us through tomorrow and tomorrow. Were on the tail end of the system. What could come next . We have a couple of rounds of systems here, this is still a ways off. This is taking you to friday. Eventually the Second System in to sunday. That is two more blasts of Winter Weather sweeping across the country. Something were going to Pay Attention to. Probably not as big as what we just saw. More snow is on the way. Maybe the groundhog was correct. Neil . Neil yes. Today he might be correct. Well see. Adam i trust your reports more so than the groundhog. Adam klotz on that. Meanwhile, the fight over that 1. 9 trillion stimulus measure that the democrats want, the president seems to be indicating he will get, but heres the thing. Republicans arent saying. Noise we heard out of the white house to indicate they might be justified having their doubts about a bipartisan move on the part of the white house. Chad pergram has more from washington. Hey, chad. Good afternoon, neil. The president and the secretary of the treasury, janet yellen spoke about the next covid bill. Theres a huge gap between 1. 9 trillion by President Biden and the gops plan. The need is different state by state. Ive been a proponent for helping any small business. The broader approach of 1. 9 trillion and you know the items in there that are unrelated to covid. If all 50 Senate Democrats stick together, they can pass a bill using a parliamentary gambet using budget reconciliation. Joe manchin signed off on Going Forward with Recondition Sillation but has not committed to backing the time bill. A Reconciliation Bill cannot be with the priorities by democrats. That means if you introduce an extraneous provision that has nothing to do with raising taxes, lowering spending and raising spending, you can object and the bill could be taken out. Democrats are still smarting after only spending 700 billion for the 2009 Stimulus Package following the financial crisis. Democrats belief that was an error. Neil . Neil thanks, chad. If you had any doubt that maybe some of the republicans fears about flexibility out the white house may be misplaced, maybe we heard the Press Secretary said that they might have something to beef about especially when it comes to the cost of the stimulus plan that joe biden doesnt want to compromise. You would acknowledge that the gap between the administration and republicans is wide, but the talk last night was constructive. Uhhuh. After the discussion in the Oval Office Last night, did the minute from the white house still 1. 9 trillion . It is. Neil all right. Still 1. 9 trillion. Theres no wiggle room there. Senator todd young from indiana was among those meeting with the president on this issue yesterday. Joins me now. Senator, did he hint at the time to you that this 1. 9 trillion, that was nonnegotiable because hearing from the White House Press secretary today, seemed that way. That wasnt the message i took away, neil. In fact, we have at the staff level some negotiations and conversations following on that visit just yesterday. What instead i heard from the president was a desire to find Common Ground where we can, but a determination candidly to move forward in some other areas where we wont find Common Ground. Looking, the president emphasized unity throughout his campaign. That was the theme of his inaugural address. Hes emphasized speed right now. The only way to move forward with speed is the way we moved forward five previous times during the Trump Administration since this pandemic hit. With almost unanimous support, we passed successive cares response packages. We should do the same thing again, getting vaccines in arms and getting kids back to school. That was our message and he offered a courteous ear to. Well see if we can arrive at some more targeted agreement. Neil all right. It seems that if they stick to the 1. 9 trillion figure and a lot of republicans are leery of going that high, i assume youre among them, they would have to do this with the reconciliation round. In order of a simple majority, not 60 votes. Did the president hint to you that that is what the hes prepared to do . Well discuss the details of our conversation. Ly indicate the president has spent decades in the United States senate prior to becoming Vice President and then president. So hes very much aware of the risk of using reconciliation. Its a tedious and lengthy process. So if he wants to get vaccine aid out to those that need it, he should work in a bipartisan way as we have in the past. Number 2, he could set the wrong tone for an administration that is trying to get more done down the road. If he wants to unify the country, not just politically but culturally. Hes Thinking Ambitiously in those terms. He needs to work with republicans. Third, frankly, could be a bit embarrassing if he cant pull enough democrats to support this reconciliation process, which would be extraordinary for this to move forward. Neil democrats have said all or nothing. Republicans want to slice this in half and were not. Looks like full speed ahead. Youre hopeful something could be worked out. Neil, i would emphasize that Chuck Schumer and nancy pelosi are moving forward with this process as we just heard from chat chad pergram. Theyre ready to ram this down our throats. They want people to make a Household Income of 300,000 to receive checks. People that have jobs. Thats absolutely bad public policy. Its irresponsible for our children and grandchildren. Thats just one of the many policies that i object to but nope theless, i remain open to working with the administration. If we can slim down the package and make it more targeted. Neil all right. Understood. Senator young, thanks for doing so. We have more coming up here. Were getting word that amazons Ceo Jeff Bezos will step down from day to day running the company. That all said, what is otherwise a stunning quarterly report. His best ever. Another company with a 100 billion plus revenue quarter. Offsetting that is this concern. Hey, the chief, the maestro, the guy that started it all wont be running it all. After this. Welcome, todays discussion will be around sliced meat. Moms want healthy. And affordable. Land o Frost Premium no added hormones either. Its the only protein ive really melted with. Land o Frost Premium. Fresh look. Same great taste. The Chevy Silverado trail boss. When you have a twoinch lift. When you have Goodyear Duratrac tires. When you have rancho shocks and an integrated dual exhaust. When you have all that, the last thing youll need. Is a road. The Chevy Silverado trail boss. Ready to offroad, right from the factory. Neil all right. Hes leaving. Hes leaving the company for daytoday operations. Jeff bezos has announced that hes stepping down as amazons ceo. He still will have a very active role in the company, but quoting for jeff bezos, right now amazon had their most inventive ever, making it an optimal time for this transition, a transition that will have hem taking on a role of executive chairman. If this should raise parallels, the closest i could see is when bill gates stepped down from day to day operation of microsoft to make way for steve palmer in that role. Its not totally unusual but gets a lot of attention given bezos extreme wealth. He founded this company in a garage selling books. Its bigger than that today. The reins are being taken over by andy jassey, the chief executive of amazons cloud business. All of this on the heels of a very strong Earnings Report where the Company Generated more than 100 million in revenue a little more than a week after apple said they did the same thing. Earnings were double what they thought they would be. The stock has opinion all over the map in after hours trading. Keep in mind in the past year, its jumped in excess of 84 . Theyre trying to digest what this could mean for the daytoday operation. Might recall when bill gates stepped down at microsoft, the stock took a hit and then stabilized and continued to soar in the new management and the emphasis on Cloud Computing and the like. This is a big development. Amazon has been a safer investment bets when Everybody Else at home buying from crazy at home. Amazon benefitted and given the guidance the company has been given after hours here, they expect that to continue whether were all settlered at home or not. Larry glazer is here from may flower advisers. The surprise isnt that hes doing the this and taking advantage of a company that is considered wellrun anyway but hes doing it now. What do you make of this . You know, neil, in normal times, blowout earnings from the tech giants would be the talk of wall street. They have driven the Market Averages and 401 k plans. If you have a pension, chances are you have exposure to these very big companies. You benefitted from it. At the same time, these are not normal times. You have shifting political stands in washington, neil. These company benefitted from covid. Its not just alphabet, google and amazon. A host of companies benefitted from the lock down at the expense of main street. We can see it doesnt get easier. Maybe it doesnt get better. Maybe hes getting out on top. Thats toe kay. Everybody is entitled to step aside. But Going Forward, the shifting political sands could be a target on these companies and he knows it. Maybe its someone elses challenge to take that on. Thats why theres changes at the massive company. Neil we talk about the sheer wealth of these guys. He was by far the richest human being on the planet. Now second to elon musk. That can change in the very always shifting sands. What is interesting here is what bezos said about the catalyst from this. He said this a few years after surprising inventions. A new thing is normal. People yawn. That yawn is the greatest compliment an inventor can receive. When you look at our financial results, what youre seeing are the longrun results of invention. Its ant optimal time for this transition. So the big question is will investors agree. Is it the same thing without him running it day after day, day by day . Does it make a difference that hes still very associated with the company, still owns by far most of its stock so that nothing really changes or does it . Look, neil, transitions can be difficult. Heres a Visionary Entrepreneur that built this company from scratch. He saw the future, right . He executed on it. Hes two stepped ahead of Everybody Else. As Wayne Gretzky said, see where the puck is going. Other companies have not executed the transition well. Look at general electric. It was a disaster after jack welch left. Its not easy to step in. At the same time, when the expectations are so high, look, investors havent lost sight of the fact that this Company Makes a ton of money. Its great from an earnings perspective. The expectations are high to keep making that money. They had a 100 billion Fourth Quarter. Its amazing that they executed on it. Thats why the box has a smile on it. The box may not be smiling under new leadership. That i have to continue to innovate and grow. They have all of the tools in place but the policies will shift the focus ban to main street. They want to even out the economy. It will come at the expense of Big Technology firms. Theyre going to be asked to pay for the stimulus. Theyre doing to be asked to be accountsable for regulatory changes. That will make the job more challenging. Doesnt men theyre going away. When Teddy Roosevelt broke up standard oil, rockefeller made a ton of money. Hes still going to be the richest man in the world and have a smile on his face. Investors have to recognize how challenging this can be. Neil for the time, the second richest man in the world. Those just tuning in, jeff bezos, one of the most successful businessmen that this country has ever seen started his business in a garage, family thought he was nuts. He said he was wasting his time. He head Investment Firm to go off on this Lark Selling Books in his garage. I did an interview with him including in the garage stage and always scratched my said. He said this could be a lot bigger than books. The next chapter after this. If you have postmenopausal osteoporosis and a high risk for fracture, now might not be the best time to ask yourself, are my bones strong . life is full of make or break moments. Thats why its so important to help reduce your risk of fracture with prolia®. Only prolia® is proven to help strengthen and protect bones from fracture with 1 shot every 6 months. 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[ laughter ] woops [ laughter ] oh, good evening meow nope. Oh. What . Im an emu ah ha ha. No, buddy buddy, its a filter only pay for what you need. Liberty, liberty, liberty, liberty. Neil all right. Everybody knew that job became president he would stop keystone. He did. Thats just starters. Rick perry on why it doesnt stop there after this. O feeding america. And yet, one in four children may still face hunger. So, subaru and our retailers are doing it again, donating an additional 100 million meals to help those in need. Love. Its never been needed more than right now. Subaru. More than a car company. vo 2 to join us with a donation, go to subaru. Com. Man whats my safelite story . My truck. Is my livelihood. So when my windshield cracked. The experts at Safelite Autoglass came right to me. With service i could trust. Right, girl . Singers safelite repair, safelite replace. At heinz, every ketchup starts with our same tomatoes. But not every tomato ends in the same kind of heinz ketchup. Because you cant be everyones Favorite Ketchup Without Making A ketchup for everyone. Neil joe biden promised this day would be coming but the impact is serious . It is and shocking. Ive naive going no, he cant shut down a project that is already started. How can they shut down a project already started . You know, our koa invested a lot of money in getting hookups so the workers could stay there over the winter. We have a lot of other businesses around this area that avoid is left because of this. Neil normally when we think of the Keystone Pipeline shutting down, oil workers are hurt. This nice lady runs a Popular Hotel in south dakota and a store that caters to the crowd that had those jobs until now. Other businesses are feeling the pinch right now. Rick perry, the former Energy Secretary and Texas Governor with us right now. Secretary, thank you. The best thing that happened to the industry is going it going a gone and the u. S. Being responsible for their own energy and now its being taken back bit by bit. I talked to Industry Workers and even those that depend on the workers that are worried it get worse. Will it get worse . It will get worse. Thats the sad story for the men and women who were counting on, you know, getting covid over with and kind of getting the economy headed back in the right direction. I cant think of anything more unkind, anything more thoughtless than what the Biden Administration has done with stopping this. And theyre playing to the Greta Thuneburgs of the world. People that stand up and applaud the Biden Administration for being so pro climate. The fact is, the United States i was leading the country in the reduction of emissions because of the American Natural Gas that was taking the place of a lot of inefficient power plants around the world. That will be lost. So you know, political points, but real personal loss for people around the United States. Yeah, i cant help but think having been the former governor of texas what the governor of new mexico is thinking today. I think well over half of the proceeds that come in for their state come from federal lands when it comes to oil and gas. I mean, what do you tell the teachers and the administrators of your Public Schools in new mexico when you campaigned for this fellow that is sticking a knife in the back of new mexico . So and its my understanding that the secretary of the interior is from new mexico. So i just dont know how you square that. I mean, how do you neil how do you square what do you think when john kerry says theres plenty of solar panel jobs that will be in the millions in the future. How do those oil workers, those Keystone Workers and all those across the country that are facing job losses, how do they transition to making, building, putting on homes and businesses solar panels . How do they do that without without some preparation, without going back essentially to the beginning, to zero . All they know is this industry. All they know is Oil Production and everything that goes with it. Quite a bit of knowledge that now they have to just put back. First off, john kerry is a pretty poor spokesperson for the Climate Business when he talks on his private jet and the leaves a trail of emissions that is about 40 times more than what it would be if he flew first class on the United Airline going somewhere, american airlines, one of our great airlines. They probably need the work right now. So it just doesnt square good with me. I think tens of thousands of americans out there and those that, you know, care about the climate, that listen, if youre going to parrot this line that we have to do things to help the climate out, for gods sake, man, get off your private jet and go travel with the rest of the folks out there if youre going to move around. The idea that he can so sit there and say, well, they can go get a job over in the solar panel business. Well, most of those folks along that pipeline cant relocate to china. Thats where most of those solar panels are being constructed. So listen, this is neil are you worried, secretary, another thing he outlined in that statement where he says, even if we do everything, we should do the reality is that were only a small percentage of the world. 90 of the pollution borne by countries like china and brazil and india, that will still be a reality that, you know, world officials have to address. So the double damning indemnity for a lot of these workers is that theyre sacrificing their jobs for something that will not necessarily have tangible results for quite some time . Wellsaid, mr. Cavuto. This is being sacrificed on the bond fire of the vanity. This is truly a political move. Its not going to have a bit neil cant you do everything, secretary . You were running for president. You were open to wind and solar and all this other stuff but not at the expense of one over the other. Now clearly we said these are our future technologies and not oil, fossil fuels, coal. None of that. I thought nuclear being a zero Emission Energy source. Am my bet is the Biden Administration is not for that. They are for wind, they are for solar, theyre for whatever else the Environmental Community tells them to be for. Theyre not for fossil fuels, theyre not for the nuclear industry. Reality is, well continue to use fossil fuels. We need energy in this country. The real winners in all of this, china, india, countries that are going to continue to develop their Energy Sources and a lots of them are fossil fuel driven. The climate is not going to be protected the way that john kerry and his ilk would like to tell you that it will be. Neil all right. Well see. Secretary, thanks very much. In the middle of this, the secretarys interest here, oil prices were adding up on the notion that Economic Activity is picking up. So that will be a factor to consider along with maybe cut production of the United States as a result of this. More after this. Just over a year ago, i was drowning in credit card debt. Sofi helped me pay off twentythree thousand dollars of credit card debt. They helped me consolidate all of that into one low monthly payment. They make you feel like its an honor for them to help you out. I went from sleepless nights to getting my money right. So thank you. Stay restless with the icon that does the same. The rx crafted by lexus. 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Com groomer priceline works with top hotels, to save you up to 60 . These are all great. And when you get a big deal. You feel like a big deal. Priceline. Every trip is a big deal. [ Thunder Rumbles ] [ Engine Rumbling ] [ beeping ] [ engine revs ] uh, you know theres a 30minute limit, right . Tell that to the rain. [ beeping ] for those who were born to ride, theres progressive. Neil all right. This was the week of course that Chicago Schools are supposed to reopen for inperson learning. Delayed yet again. It could be awhile before they so i any hope of reopening. Mike tobin from the windy city. Hey, mike. An announcement came late yesterday that let a lot of pressure off of the situation, may have prevented a strike and create a dynamic in which 340,000 students could continue with a curriculum as the teachers pave the way back. And now a n announcement. It boils down to two more days of virtual learning. Part of the Statement Reads one concession was to not make good on an ultimatum over the weekend. Janice jackson said if teachers wouldnt show up, they would be looked out of google. That move would have trigger add strike vote. Jesse sharkey, the Union President said we dont want a strike. We want to keep working remotely as we bargain for an agreement to return to the classrooms. A letter from the mayor to parents said that they had made progress in a number of areas, contact tracing, ventilation. Were about halfway through this cooling off period in he which the teachers and the city need to strike a deal to get back in the classroom. Neil . All right. Thank you very much. Mike tobin in chicago on all of that. Keeping track of President Biden, Executive Orders, three new ones today addressing immigration and not a one of them intreeinging to chad wolf. Why hes worried approaching frantic after this. We made usaa insurance for veterans like martin. When a hailstorm hit, he needed his insurance to get it done right, right away. Usaa. What youre made of, were made for. Usaa neil all right. At least three more executive actions on the part of President Biden to address the immigration issue. This is on top of actions that hes taken, a halt to deportations in this country. At the same time, hes promised not to build another inch of the wall. Secretary, good to see you. Hes undoing and inwinding a lot of this stuff you were doing. Are you worried . I am, neil. Thanks for having me on. The Executive Orders that you see today as what he did on the first day are problematic for a number of reasons. Right . Theyre weakening not only the Critical Reforms that we made to the asylum process, weakening the security on the Southwest Border, halting the border wall construction, weakening our ability to import dangerous individuals, dangerous criminals. Across the board. Some of the legislation that hes putting forward will give work permits to millions of individuals undocumented and illegal aliens at a type when millions of americans are out of work, a cross the board up and down, theres a number of concerns that i have, that some of the actions being taken. At the end of the day, im concern theyre creating a crisis in the middle of a pandemic crisis, in the middle of a economic crisis as well. Neil secretary, im curious. The rap is that joe biden is a moderate, maybe more moderating than barack obama who had a reputation for being the deporter in chief when he was president and didnt like that label. A lot of folks threw that at him. Joe biden doesnt appear to want that label at least in the first 100 days. Do you think deportations stay down to the degree, not necessarily stop but extremely limited even after the 100 days . Well, thats a concern. Theyre taking a look at it. They have a pause to reset their Enforcement Priorities along the Southwest Border and also in the interior of the country as well. Well have to see what that pans out to be. The concern is it would do back to the Enforcement Priorities in the obama administration. What we saw in 2017 and the last four years is a Law Enforcement, folks at ice, Border Patrol and other folks that wanted to enforce the law and the concern here is that theyre again cherrypicking which laws to enforce while telling Law Enforcement officers to ignore other laws. That is very concerning. It has a bad morale for the department and i think that is something that we have to keep an eye on. All right. Well watch closely. Chad wolf, the former acting dhs secretary of these United States. Very good catching up with you. Sorry for the limited time. Were following a couple of big developments, not the least of which is news that jeff bezos is stepping down from Running Amazon day to day and focus on the earth fund, the Washington Post and other things. He said as much as i tap dance in the office, im excited about this transition. It remains to be seen whether investors will when they digest it all after this. Ri. We do consulting, but we also write. [szasz] we take care of ourselves constantly; its important. We walk three to five times a week, a couple miles at a time. Weve both been taking prevagen for a little more than 11 years now. After about 30 days of taking it, we noticed clarity that we didnt notice before. Its still helping me. I still notice a difference. Prevagen. Healthier brain. Better life. Research shows that people remember commercials with exciting stunts. So to help you remember that Liberty Mutual customizes your home insurance, heres something you shouldnt try at home. Insurance is cool. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Youre clearly someone who takes care of yourself. So why wait to screen for colon cancer . Because when caught in early stages, its more treatable. Im cologuard. Im noninvasive and detect altered dna in your stool to find 92 of Colon Cancers even in early stages. Tell me more. Its for people 45 plus at average risk for colon cancer, not high risk. False positive and negative results may occur. Ask your prescriber or an online prescriber if cologuard is right for you. Ill do it. Good plan. Wanna build a Gaming Business that breaks the internet . Ill do it. That means working night and day. And delegating to an experienced live bookkeeper for peace of mind. Your books are all set. So you can finally give john some attention. Trusted experts. Guaranteed accurate books. Intuit quickbooks live. Neil youre the expert but the wrap is that youre spreading yourself too thin. The original bays, books, which sounded fine, is pushing. We dont want to be a book company or a Music Company or a video company. We want to be a customer company. We want to be the worlds most Customer Centric Company and earths biggest selection. Neil for all the times i have the pleasure of interviewing jeff bezos here and before when i was at cnbc, the one thing that struck me was his passion. There was only a couple years after going public. A month after that interview i finally finished puberty but thats another story. His vision went way beyond books. John, when the com company went public, 1. 50 which came later. Now shares trading close to 3400 a share, he proved the doubters wrong. What happens now that hes stepping down as far as daytoday running the company . Yeah, well, wall street is probably going to be pretty happy with the decision i would imagine. Andy jassy has been running the amazon web services, Cloud Computing business for some time. Its been a primary mover for amazon. Its where a lot of the growth has been. Its got new competition or more competition from microsoft and others but its been a big success. 37 jump in fourthquarter profit just this last quarter. So when wall street looks at what happened, bezos isnt leaving. He will still be around. Youve got a person there who knows the broader business and has been part of the Prime Mover Segment of the company. I would imagine Sebastian Herrera has a story right now about this. I would imagine wall street is going to be fairly cheering. Neil at the time when he was making it big come of the Internet Boom was about to go boston it was 1999. Amazon survived. So many others did not. Ironically amazon survived without any earnings. It was an exception to a rule that eventually said all the guys without earnings are gone. He survived. What did you make of that . He survived by hitting the right moment with the right degree of Customer Service with the right offering a product. And then rode that is essentially the market came to him. We all began to see the convenience, the opportunity of shopping online. Nowhere was that more evident than in the last 12 months with the pandemic, as you see an extraordinary surge in the amazon sales and earnings. 100 billion just in the Fourth Quarter of last year. He hit the right moment and the market also came to him. Neil well put. John, thank you very, very much. Tomorrow we will see whether investors can adjust to the new reality. Dana hello, everyone. I am dana perino with jesse watters, greg gutfeld, Katie Pavlich and juan williams. Its 5 00 in new york city and this is the five. Its so fullblown immigration overhaul. President joe biden continuing to undo the policies of the last administration with the stroke of his pen. Biden is set to sign three more Executive Orders on the issue. What will create a task force to reunite families separated at the border. Another will review trumps remained in mexico policy that has asylumseekers wait South Of The Border until their cases are