u.s. district court in los angeles, california. hunter biden is there as we speak. he s being arraigned formally on the nine federal tax charges. prosecutors are alleged that he engaged in a four-year scheme to avoid paying millions in taxes. we re on top of that. i m neil cavuto. glad to have you with us. let s get to it with kelly o grady who is there and how things are going now. kelly? neil, the hearing is expected to get underway any minute now. this is going to be hunter biden s first appearance in court over these charges. he arrived at the courthouse behind me roughly 1 1/2 hours ago or so. it was very much in contrast to yesterday s chaos on the hill. the arrival was planned. he was driven in to underground parking. today he s facing nine charges of tax evasion, three of those will be felonies. according to the indictment as you mentioned, he failed to pay $1.4 million in federal taxes from 2016 to 2019. he did, however, spend millions on a lavish lifestyle. there
dedicated spending tens of millions to attack capitalism. we see things out of this administration in terms of regulatory overreach that can hurt business. we want to see more people recognizing business as the super power for america that it is. neil: real quickly. we just talked about the middle east right now and all of these shipping concerns with traffic halted in the red sea and that area. that s a lot of your members there that wait for those goods, have those goods, can t deliver those goods. are they panicking yet? i m glad to see you covering this. i think we re not thinking enough about both the national security implications, which you were just talking about with your last guest and also the supply chain implications. i was with a shipping company ceo last night talking about what this could mean in terms of getting goods to the united states. so yes, they re concerned about national security and yes they re concerned about supply chains and goods and what happens here