Nasdaq up 73 points. Those are strong gains for the tech related stocks which well talk about here as we move forward. Good to be back with you in new york after a couple days in washington. Welcome to after the bell. Time for the news, happening at this hour. For example Business Team coverage, Edward Lawrence is in washington. President biden has been rolling out the plan to tackle the pandemic. Jackie deangelis reporting on big corporate earnings in our new york newsroom. Ashley webster in florida today with a different angle on the vaccine state of play which well get to in a few minutes. Edward, start with you. Reporter President Joe Biden signing 10 more executive orders bringing the twoday total to 27 executive actions. Now a big focus today is beating the coronavirus starting with the vaccine. Well move heavy enand earth to get more people vaccinateed for for free and get more places to get vaccinated, mobile more medical teams to get more shots in peoples arms and more vaccine supply to get it out the door as fast as possible. Reporter the president is asking congress to fund a Public Health workforce, hiring 100,000 people to facilitate the vaccine. He is using the defense production act to get vaccine makers and medical supply companies to prioritize anything related to virus. There is point person within each state from fema to get what they need. He signed an executive order extending interstate travel on planes, trains, buses. International travelers will have to be tested before arrival and quarantined in the u. S. Before moving around. These are just the big ones signed today. President biden talked about unity. This time unite to beat the virus. Republicans concerned that the president s call for unity are just empty words, proven bit flury of onesided executive orders signed yesterday and today. Im quite sure members of his staff gone through said what we need to do on day one, but it would be better if he actually consulted republicans, sad a serious vigorous conversation, debate about these issues before unleashing these executive orders. Reporter in some of the executives orders people are already required to wear a mask while traveling. Anything related to the coronavirus has been prioritized by vaccine makers. The Companies Making protective equipment also because the contracts that theyre getting. Money talks. Back to you, connell . Connell edward, stay with us i want to you about a different subject. Youre quite flexible. Something you covered. Headlines about the Federal Reserve. What is going on with the fed . They a reapproved 12 Federal District heads for another five years. The same people who gave us zero Interest Rates for years. And same people that authorized buying mortgage back securities at 120 billion a month will be in the same place next five years. Which means likely nothing is going to change on that path. Connell that is the takeaway. New president , new administration, cabinet officials, same old fed. Would be probably welcome news to a lot of bullish investors on wall street. Edward lawrence, live from washington. Back to the vaccine role quote, dr. Alexander garza st. Louis Pandemic Task force chief. Thanks for coming back on the program. Before edward got us sidetracked on the Federal Reserve and my takeaway, we heard it during the campaign, we know what will happen the Biden Administration will take a more federal approach to the vaccine rollout where the Trump Administration was delegating to the states. Youre out there in one of the states in the city of st. Louis. What is going to change tangibly do you think how things are rolling out . For the short term there is not a lot that is going to change. The manufacturing process for vaccine will take a while to ramp up, to get the defense production act involved all of those things. I think for the short term not much is going to change. Over that mid and longer term, if we can get more vaccine coming down to the states and to the locals and if were able to expand then the amount of people to deliver vaccine, then we can move much faster. Dont forget there is also another vaccine that is sitting out there that could be going through that emergency use authorization path. That is the Johnson Johnson which is a oneshot vaccine which would really help speed getting everybody vaccinated as well. Connell okay. Weve been waiting for that and part of that suggests that time kind of cures all ills to some extent. We work our way through the hiccups at the beginning of the rollout. More vaccines come online, things get better, we have more time to figure it out. Or were there Serious Problems with the rollout that need to be corrected. That is where we get into some executive orders that might help. What is your local diagnosis of all that . I think the challenge has always been the amount of vaccine that was actually getting down to a local level. And thats, you know, dependent upon production, right. What makes that challenging is if you dont have a reliable sort of delivery system, it is difficult for then to us to organize the vaccinations. There were some weeks we got no vaccine, talking about our Health Care System in particular. There were other leaks where we got some. It makes it difficult to say all right on this week were going to vaccinate 10,000 people if we dont get vaccines. So that was really one of the Biggest Challenges of that initial rollout. I do think youre right though, we learn as we go along. I think production will catch up eventually well get the full speed. Connell all right. Dr. Fauci is more involved. In fact, he is speaking right now in the White House Briefing room. He was with the president earlier in the white house at the event. Does that matter . There was a lot of back and forth almost internally in the last administration it seemed. They maybe werent on the same page. Do you think now that there will be more coordination and how, maybe we overplayed some of this in the media . I dont know. Yeah. So, i think there probably will be more coordination. That is just me, reading what comes out in the media, things like that. What is important with people like dr. Fauci being out front, people like cdc, scientists out front to instill that confidence in the vaccine and to instill confidence in the apparatus to deliver vaccine. Were still noticing a small but fair noticeable amount of Vaccine Hesitancy so people that are eligible to get vaccine are not signing up. So i think that helps with the messaging. So you know, anything that we can do though to become more coordinated across all of the systems, federal, state, local, the better off were going to be. Connell right. So i guess the final point to bring this all together, we always sort of on this show we at least bring it back to economics to some degree. To me it is the biggest economic story out there right now the timing of the vaccine rollout, how have you adjusted your expectations on timing . Where are you now . Are you feeling oh by the summer things will feel better . What type of thought process will you have right now . That is the big question out there, how fast can we get to move to get the population vaccinated. We have to have ample supply of vaccine and then ability to deliver vaccine to move everybody through the process because the faster you can get to sort of herd immunity as a lot of people call it, that is the faster you can get to opening the economy. And so that should really be the end goal is how fast can we get the majority of people vaccinated because then that opens up everything. Connell okay. Want to make one note, i mentioned that dr. Fauci is in the White House Briefing room and speaking right now. Blake burman has a seat in the Briefing Room today with the way the seating goes there with the covid. He is in the briefing. So well bring you headlines in a few minutes of what he is actually saying. Dr. Garza, we appreciate you coming on, as we stay on top of the story. Sure. Connell there is a fox business alert right now on corporate earnings. Something strange happened with intel here in the last few minutes, Jackie Deangelis happened in the newsroom. Stock market was closing. I saw headlines, intels report was out after the bell. Headlines before after the bell. Almost like got released early. Reporter looks like they jumped the gun a little bit. Numbers look good, connell. Stock is trading down in of afterhours. Earnings per shea 1. 52. That was also better than expected. 1. 10 was the estimate there. Intel issued guidance and that is what investors tend to look at. Im wonder if there is not a issue there. Revenue for the First Quarter, 16. 06 billion and earnings per share 93 cents First Quarter tends to be a little bit slower. Were seeing a slow down because of pandemic, that could have something to do with it. One positive note, they did raise their cash dividend. They increased 5 to 1. 39 per share annually. There will be a conference call. That is where you get most of the color. Investors want to know about intels manufacturing strategy. There is speculation they may be outsourcing a little bit more. That could be impacting what you could see in the afterhours action, connell. Connell the other thing, jackie, i mentioned that came out early is that the stock in regular trading was up 6 1 2 and a bunch of that came right at the end. The reaction oddly for the after the bell earnings may have come after the bell. I dont know if the afterhours trade something a little deceiving. Reporter sometimes that happens. I also i think if they have a feeling if the street has wind what is coming or there is an issue they put it out quickly as they can. That could be the case here. Connell all right. Thank you, Jackie Deangelis on earnings beat today in the newsroom. It was one year ago today that the countrys first coronavirus case was announced. That as you remember was in washington state. Now the u. S. Recording more than 4300 covid related daily deaths. That is the third time deaths have exceeded 4,000. All of that happened in january. Second highest daily total of the entire pandemic just reported. Hospitalizations have actually been Holding Steady since the 12th of january, though over all numbers are nearly double they were during the summer surge. Dr. Fauci mentioned in the Briefing Room at this hour in the white house, when you look at recent seven day averages, it looks like covid might be plateauing. That is what he just said, might be plateauing, words just in from dr. Fauci. All this comes as many states are facing vaccine shortages. There is at least one governor taking action against what they call vaccine tourism. Ashley webster picks up on that part of the story reporting from the state of florida today. Ashley . Ashley hi there, connell. Im at the Volusia County fairgrounds. They have been operating a vaccination clinic. Theyre just wrapping up. They are putting stuff back today but will be up for another seven hours tomorrow. Earlier this month, governor ron desan taste said hey, well start inoculating people 65 and older which was ahead of the cdc recommendations. That led to a rush for people not only living in florida, but for People Living outofstate. For some people i have living out of the country. Reports people coming from canada and as far as away from argentina to come to florida to get the vaccination. Earlier down the coast in jupiter, florida, uhuh, that will not happen anymore. Take a listen. This is for florida residents. We understand a place like North Palm Beach county, you have people that live here six months. Thats fine. They use the hospitals here. They pay taxes. But to just kind of come in from another country or whatever, you know, we dont support that. Were not going to allow that. Were not doing that. Were not doing vaccine tourism. Ashley there you have it. And now there are new rules in place. Firstly, you have to be a fulltime or parttime resident. You have to prove that. You have to have florida i. D. , bring along Something Like a utility bill. And certainly no foreign or outofstate applicants. Weve been watching literally well over 1000 cars roll through these clinics set up in six different tents here. They have been going all day, very efficiently i should say. I spoke to one laidly mary partridge. You just had your shop, what do you think of people coming outofstate to get their vaccinations. Here is what she said. I dont think its fair. I mean weve lived here all of our lives and this, we only get so many. So we should be entitled to the ones that we get. Ashley that is pretty much the universal opinion here, connell. It is interesting, the state of florida has now completed well over a million doses. Thats one of only three states in the country to do that. And of those one million plus, 700,000 or more have been for people 65 years and older. That is something no other state has accomplished. So there is a reason people were coming here because the process is really getting underway now. Were just watching it today. The way this was operated, im not surprised. But if you come from outofstate or another country, florida says, sorry, floridians first. Connell. Connell floridians first. I can see why they would think that. If you live in florida, ashley thank you, sir. Good to see you, my friend. Ashley webster for us today. Well have a move coming up that could put thousands of jobs in jeopardy. A member of the chamber of commerces Global Energy institute will be sounding off President Bidens move to revoke the permit for the keystone oil pipeline. Thats later in the show. Plus bidens economic todo list. Well talk to steve moore in a few minutes what to expect from the new agenda that is rolling out. Then slammed for bailing out blue states. Grady trimble you have that story right for us today . Reporter bidens proposal is 350 billion for state and local governments. Many republicans calling that a blue state bailout, as you said. So should the taxpayers foot that bill and will it actually pass . Were looking into that coming up. Research shows people remember commercials with nostalgia. 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Let me parse through for you. Earnings per share 2. 07 adjusted. That was better than expected. Revenue was light, connell, 27. 3 billion. That i suspect is having an impact on the stock afterhours. Because that earnings really reflects two billion dollars in restructuring costs. We can always work with that. People want to see sales being strong. They have more confidence in the numbers, meantime the cloud revenue was on the strongside and that is something that people look at, they compare it to microsoft, they compare it to amazon. 7. 5 billion was higher than the 7. 37 billion estimate. Final point here im seeing from the headlines, no fullyear earnings or revenue guidance. Just that the revenues should see positive growth yearoveryear. So the stock is trading down more than 4 right now. Connell it is down. Thank you, jackie. Jackie deangelis in the newsroom on ibm. President joe biden outlining the plan for next coronavirus stimulus bill. In doing so, he talked a lot about giving a lot of money out. Some republicans have been slamming it, especially funding allotted for state and local governments. They claim blue states mismanaged their finances. They shouldnt be bailed out. Grady trimble live from chicago with more on this. Reporter connell, it is a nearly two trillion dollar proposal and good chunk of that would go to state and local governments, about 350 billion worth. That money didnt pass in previous stimulus bills. That is because it is controversial. Republicans are already pushing back on that key element of that proposal. They say that blue states like illinois, chicago, new york and california, they have decades of financial mismanagement problems. This is essentially a blue state bailout. They also say that those blue states have some of the most restrictive covid19 measures and that further added to air budget woes. Here is senator rick scott. We cannot bail out the states for their prior problems. We should help on covid relief. I want targeted help for people but the to bail out the blew blue states make no sense. Reporter according to economists at Moody Analytics it would boost real gd in 2021 to about 8 t would help the economy add around seven 1 2 million jobs. But they are realistic about chances of passing. Right now that seems unlikely. They Say Something that could pass once it goes through congress, connell would be half of what President Biden is proposing. That would still be around one trillion dollars. They might have to remove some of the key elements of it like that money for state and local governments. Connell. Connell amazing half of anything could be one trillion. That is still a decent amount of dough, thank you, Grady Trimble out of chicago. Bring all of this to steve moore, freedomworks economist. Steve, a lot to talk to here. Start here where grady was on socalled blue state bailout part of this relief bill. What do you say . I wish you wouldnt call it socalled blue state bailout because its a blue state bailout. I think your reporter did a great job summarizing this bill. It is really helping states like connecticut, new jersey, new york, california, michigan and illinois, by the way, what do all those states have in common. They have democratic governors who locked down their economy. I was just in that last week. Florida is open for business. You wouldnt even know that there was covid crisis except for the fact that people are wearing masks. You know businesses are open. Restaurants are open. Then you go to california and its ghost towns. One option really is of fiscal prudence but also fairness. Why should people in florida and texas and tennessee and utah that are open, have had good fiscal management why should they have to pay for the mistakes and decisions that were made in those other states. The answer is they shouldnt. New york has the right to shut down their economy if they want to. California does. That should be paid for by those taxpayers, not by federal taxpayers. If you give them more money youre enabling states like california and new york to stay closed when they have to get open. Connell maybe that doesnt end up being part of the final bill. That was the point grady made at the end of his report. Biden, President Biden might end up about half of what he wants f that is the case, steve, looking at it from a practical standpoint, what do you think should be in it . I say at the top, you and i talked about this for months, youre not a big fan of additional stimulus, from the point of just being realistic about it, if theyre going to pass something, what do you think should be in it . I will go back to the conversation at the top of the hour on the vaccine. Weve had some guests come on saying that is the real stimulus. We get the vaccine out. Dr. Fauci in the Briefing Room, were paraphrasing we can basically get back to normal by the fall if we get 75 to 80 of country vaccinated. That is a stimulus. We should be helping with that, helping with money towards that . Absolutely. That is the priority. That is the only thing i would spend money on. Incidentally we dont need a big massive Government Program to do that, connell. If we allow the private sector, the private hospitals, the private pharmaceutical companies [inaudible]. Who distribute this with private Companies Like amazon and fedex, i think it will happen much faster. Lets not forget operation warp speed, one ever the most effective Government Programs in my lifetime was done not through a Government Program but by getting government out of the way. So, but look, i do think that the ultimate stimulus, you have got it 100 right, connell. Ultimate stimulus for the economy getting that vaccine out there. What fauci just said, we dont have to wait until the fall. Come on. We should spring to have pretty much on course to get back to normal. The latest forecast from, so many of the wall street economists, eastern the fed for six to 8 growth in the year 2021 that were in right now. Those are strong numbers. So my advice to joe biden was we dont need another, i laughed when you said half of what theyre asking is still a trillion dollars. That used to be real money in washington. I do think we need to concentrate on the vaccine f were going to hand out money, give it to people, not politicians. Dont give it to mayors and governors. Give it directly to people. Connell direct checks, 1400, youre for that or you can see that . I mean i am not for it. Im just saying that is probably the most efficient way. You know what im for, connell. Something republicans never should have given up on, and bring it up again, something donald trump really pushed was the payroll tax cut. Why not suspend payroll taxes by end of the year for every business and every worker in america. Can you imagine the stimulus that would be to employment around to getting people you know, into the workforce . It would be enormous. The biggest stimulus in the history of the United States. It would be cheaper to do that than all this 1. 9 trillion of spending. Connell right. Or just a trillion as we said. Which is always interesting. Thank you, steve. Good to see you. Steve moore with us today on all of that. Including some of the news just breaking. Now the nba is tightening its covid protocols. This comes after Contact Tracing issue led to a 16th game being postponed. Security officials will be stationed on the court before and after games to discourage violations would include handshakes and hugs between players. Well be right back shingles . Dios mio. So much pain. Maria had to do everything for me. She had these awful blisters on her back. I dont want shingles when im your age. Actually, if youre 50 or older, youre at increased risk thats life, nothing you can do. Uh, shingles can be prevented. Shingles can be whaaaat . Prevented. You can get vaccinated. Where . At your pharmacy, your doctors hold on dont want to go through that 50 years or older . Get vaccinated for shingles. Now. Im greg, im 68 years old. I do motivational speaking 50 years or older . In addition to the substitute teaching. I honestly feel that thats my calling to give back to younger people. I think most adults will start realizing that they dont recall things as quickly as they used to or they dont remember things as vividly as they once did. Ive been taking prevagen for about three years now. People say to me periodically, man, youve got a memory like an elephant. Its really, really helped me tremendously. Prevagen. Healthier brain. Better life. Connell today the first full day of life as private citizen once again for donald trump. The former president in florida where local republican leaders, certainly many of his supporters hope he finds a way to stay in the public eye. Foxs phil keating in palm beach with more for us. Phil of. Reporter connell, not just here but also nationwide but gone are the secret Service Details that were quite extensive as well as those 30 vehicle motorcades that used to jam traffic between the golf course and maralago because donald trump is now a former president. He woke up this morning on palm beach at his maralago property. That is a nice place to be which for four years of course had been known as the winter white house. One of the last public views Palm Beach County citizens had of donald trump while he was still president was through the windows of the motorcade as he drop very slowly down the road so that the hundreds of supporters could wave and cheer for him unwith last time. Plenty of people do not want this to be the last time. We spoke with sid diner stein who chaired the Palm Beach Republican Party for a decade. He wanted women to have jobs. More women have jobs than ever before. He want e wanted more black too have jobs. He wanted more hispanics job. He didnt want to do it that way. You are black or hispanic or women. No, were doing real capitalism not corporate nonsense where everybody gets together and makes a deal. Reporter as trump left washington yesterday morning he told supporters gathered well be seeing you again soon. Not clear yet exactly what that means. Connell . Connell it is not. Sid, quite animated down there. Thank you, sir, phil keating down in palm beach. Well get back now to the push to vaccinate millions of people across the country which weve been talking about. Certainly in many places it hit speed bumps and forcing one city to temporarily close vaccine sites, the one thing theyre trying to fix. One of President Bidens first actions now threatening thousand of american jobs. 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Now if he is confirmed buttigieg will be the first openly lgbtq cabinet secretary. Weve been watching an historic stock market rally here between election day on the 3rd of november and yesterdays inauguration day. Stocks posted biggest rally in history if you look at the s p 500. But as President Biden sign as slew of executive orders here the last couple days, what are some early winners and losers in the market under a new administration . Here is deion rabuin from axios. You started to break this down about winners and losers. Traders trade and that is what they were doing yesterday. You had your winners. You had the usual suspects, clean energy. You know, you had, what were some surprising winners actually gambling, the sin etf has had a really nice couple days boosted by beer stocks. Corn telllation brands having a good day Constellation Brands having a good day. Focus of administration elsewhere i think was helping those. Big tech, some of the things the Biden Administration proposed to do under immigration made a lot of tech leaders. Immigration is good for the economy. A good economy con helps big tech. They have been winning over last two decades the losers are private prisons, gun stocks. Just really getting killed. Sorry, go ahead, connell. Connell sorry i didnt mean to jump on you, i was thinking about big tech as kind of the Big Conversation we have to keep happening as Administration Takes office for all different kinds of reasons. You bring up immigration. A lot of ceos like the approach there, give more access to talent they will tell you. What will happen here, a question were asking for months, but certainly a bigger question now since the 6th of january what will happen to these companies . Are we going into a heavy environment in terms of regulation . Will there be a move to break some of them up . There is sort of an open question whether that leadership position for big tech will stay in place. What are you hearing . Look, i dont think there is a lot of fear from the Big Tech Companies or folks in silicon valley, that regulation is going to hamper their profits. You know the Trump Administration tried very hard to tap into some of these, a lot of antitrust suits were filed by individual stakes, by individual states, excuse me and the stock prices kept moving up. Revenues, profits, just kept moving up. It doesnt seem like government interference is anything right now. What weve heard proposed is anything big tech needs to be afraid of. Folks are just buying in. Hey, the winning is going to continue now. Where regulation could have a big impact, what youre seeing it in the market is bank stocks. The banks have a lot to fear and what we saw from President Biden on his first day was freezing the occs fair access rule which says that banks have to give credit or have to allow to get loans for some of these Companies Like gun stocks or, sorry, like gun companies, oil companies, things like that. That is it one side freezing that rule, but also, President Biden has put in place some very tough regulators. Youre talking about gary gensler at the sec, rohit chopra at cfpb, reportedly michael barr as comptroller. They are known as harsh style being stuff tough on the banks. President biden has seats to fill on the fed, vicechair of supervision, rand quarles who couldnt be more in bed with big banks and sympathetic to their cause. Jay powell, sympathetic to the big banks. Two people that President Biden could put in place could be very antithat. That is potentially Neel Kashkari and leal brainard. Connell people might not know the names but will know policies on some of those folks in the next few months. Well wrap it up, two sides as well dion with the bank stocks. You know what cures all ills for the industries but especially banking, janet yellen talked about this yesterday, is growth. If we do get Economic Growth you could still do pretty well even if the regulations tighten up little built, do you think . Oh, yeah. Look, there is, i dont know what could stop banks from making record profits. Try to keep jamie dimon from record profits in a quarter you will lose an arm. That doesnt mean their stock prices will continue to go up and that is what wall street is looking at right now. Big banks, kbe, banking etf has been down significantly over the past week t took a real nosedive when joe biden was sworn in. Connell good stuff as always, dion rab boone from axe sy owes. Taking extra precaution. 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Aerotrainers unique design allows for over 20 exercises for a total body workout, all while maintaining safe, correct form. Now its your turn to lose weight, look great, and be healthy. Get off the floor and get on the aerotrainer. Go to aerotrainer. Com, thats aerotrainer. Com. Connell all right. Halting the keystone xl pipeline. President biden signed an executive order to revoke the permit. The move receiving pushback from the chamber of commerce Global Energy institute releasing a statement that reads as follow, the pipeline, the most studied Infrastructure Project in history is already under construction and cleared countyless legal and environmental hurdles this is politically motivated decision that is not grounded in science t will harm consumers and put thousands of americans in the Building Trades out of work. Christopher goods, the Senior Vice President at chamber of commerce Global Energy institute. Just to add to the statement, i already seen a report a canadian base Company Tc Energy cutting 1000 jobs in the United States and canada as a result of the move from biden. You can see why canadian Prime Minister Justin Trudeau has a similar position to you guys in the chamber. Can you talk more about your opposition . It is just a bad decision at the worst possible time. As you, as you pointed out its a political decision and normally political decisions that are not based in science, dont look at jobs, dont look at the economy tend to be bad decisions. Connell so when this issue comes up and it has been coming up now, i looked it up earlier, how long have we been talking about keystone . It is 12 plus years weve been going back and forth on the Keystone Pipeline in one shape or form. That would be on the Biden Administration side or then on the Obama Administration side say, this is a climate issue. Do you see any merit to that . Is there a legitimate issue here . Because anything that comes up with climate in this administration is going to get a lot of attention, we know that, from john kerry being involved. We know that is going to be a point of focus. Is there any legitimacy to the claims on climate . Well, connell, im glad you asked about that because it was the same Obama Administration that ultimately did not approve this project on three separate occasions did an Environmental Review found there would be no Environmental Impact and that gave it the sort of Good Housekeeping stamp of apositively. That was also undersecretary kerry as well as secretary clinton. It was also the Obama Administrations department of energy that found that by building this pipeline you would actually lower Greenhouse Gas emissions because it would be going through a pipeline instead of other means that emit more. So this is clearly not about Greenhouse Gases or climate. It is not about science. Its solely a political decision to appease some extremists and ultimately you have, as you pointed out, thousands of highlypaid, Skilled Labor families now who dont have paychecks at a time when the economy cant afford to add more people to the unemployment roles. Connell right. You know, whats interesting about this ironic, may not be the right word, maybe it is to some degree there will be, you guys mentioned this in your statement, a huge push in the Biden Administration on projects. Mr. Buttigieg talked about that for his hearing on transportation secretary, well ask questions about that, it will depend on what type of infrastructure, right . Your specialty is energy im sure you guys at chamber would support some of those projects but looks like they will pick and choose which ones they to after, right . Well infrastructure is critically important to the chamber and it is critical important to the entire u. S. Economy especially at at a time we need a shot in the arm, pardon the pun, to get going again. The real question, what company, what individual will invest their capital when you have an administration that can pull a valid permit for political reasons . It just causes so much uncertainty. It doesnt have to be a pipeline. It could be a road. This could be a bridge. This could be you know, 5g infrastructure. There is many different places where this really put as whole lot of unnecessary uncertainty which really as weve seen before freezes capital. That is not what we need when we want the economy growing again. Connell yep. Whatever you think the of issue it costs job. One Company Already cutting jobs because of this particular move. Christopher, thank you. Well continue in a moment. Well bee right back key portfolio events, all in one place. Because when its decision time, you need decision tech. Only from fidelity. You need decision tech. quiet piano music comfort in the extreme. 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Side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. I have it within me to lower my a1c. Ask your doctor about trulicity. Connell heres a fox business ea i letter. We were just talking on this show about the Keystone Pipeline, and while we were having that conversation with christopher from the u. S. Chamber of commerce, our fox business colleague, blake burman, was in the White House Briefing room, and he was asking jen psaki, the press secretary, a question about keystone. Jackie deangelis rejoins me now. Were just taking a second to get that cued up, and were going to play that exchange, hopefully, before the top of the hour between blake and jen psaki, but this is an issue that has come up in the first couple of days of this Biden Administration. In the business community, questions about whether this is the start of something worrisome, the canceling once again of keystone. Well, it really could be, and i was listening to your conversation before. To add on to that, obviously, theres an issue about jobs and growth and whats going to happen if we try to transition to alternative energy, if we try to do it too quickly. Issuing this executive order to also reverse the Keystone Pipeline, its a matter of National Security as well, connell. Not only have we unlocked the resources in this country to pull extra oil out of the ground and now were the worlds Number One Oil producer, but you need pipelines, and you need infrastructure to be able to move that oil around. If you cant move it around, it doesnt even matter that those resources have been unlocked. So, unfortunately, what i see is this puts us back in a position, if he continues down this path of once genre accelerating, being dependent on foreign oil, being at the mercy of the middle eastern people who control the oil resources, not just saudi arabia, but also iran, for example. Connell i believe she said something to the effect that theyre committed to clean energy jobs, and thats going to be a priority in this administration. You spend a lot of time, you know, in your career covering oil directly. I think that point you bring up is a big one. Ive heard it from people in the business a lot. Actually, we do have that exchange. Thisll probably take us to close to the top of the hour, but i want to get it in. Heres how the Exchange Went moments ago. Reporter what would you say to those who have lost their job or will lose their job as a result of that decision . Whats the message from the president and the white house in. The message of the president and the white house would be that he is committed, his record will show, shows the American People that he is committed to clean energy jobs, to jobs that are not only good, highpaying jobs, union jobs, but ones that are also good for our environment. He thinks its possible to do both. Connell all right. So thats the exchange. Im not going to put you on the spot, jackie, because weve only got a few seconds, but starting a conversation that well have to continue here because we know, as i mentioned a moment ago, of at least one company whos already cutting jobs as a direct result of this executive action. Anyway, thanks for joining us. Thank you, jackie. Here in new york today, im Connell Mcshane as we report the news to you after the bell. Well see you back here at the same time tomorrow. Have a great day. Lou good evening, everybody. Not even a full day into his presidency, President Joe Biden facing the wrath of antifa and black lives matter. Only hours after he had taken the oath of office, extremists in portland and seattle were attacking police officers, vandalizing businesses, damaging government buildings. The portland leftists carrying a sign, we dont want biden, we want revenge, and on they rioted. Yet the radical dems and the national leftwing media remain silent,