Transcripts For FOXNEWS Your World With Neil Cavuto : compa

Transcripts For FOXNEWS Your World With Neil Cavuto



restaurants, retail, gyms, bars all allowed up to full capacity today. masks are required and so is social distancing. here in new york city, we have indoor dining going up to 50% today. safe for new jersey as well. the mets and the yankees can fill stands up to 20% on opening day. april 1. americans are flying a again with travel recovery. the tsa screening a record 1 million passengers a day for the past week. that's the most over a week now since the pandemic started. the big screens are also open to movie fans. amc says 98% of movie theaters are open across the country. limited capacity depending on state laws. all of this made possible with the roll-out of vaccines. the u.s. reaching an important milestone today. >> we reached our 100 million shots goal in 58 days. weeks ahead of schedule. >> so the accelerating pace, of course, of vaccines making this all possible at this point. many on wall street forecasting strong recovery in the u.s. economy. so look at the federal reserve predicting the economy to grow by 6.5%, which would be the fastest since the 80s. the highest comes from goldman sachs. they're fasting 8% growth. the last time the u.s. grew 8% was 70 years ago in 1951. wouldn't that be impressive? >> charles: that would be impressive. i can't wait. thanks so much, susan. with the economy just starting to rev up, my next guest says the $2 trillion tax hikes will have it crashing back down. steve, so curious that just a few weeks after we were told the economy was so shaky that things were so problematic that we had to pass yet another fiscal stimulus bill. the same administration is saying now let's tax the same economy that was weak and vulnerable two weeks ago. >> doesn't add up, does it, charles? the tax bill, we don't know how large it will be but it's growing. the other day the white house said this would apply to people that made $200,000. it was $400,000. there's tax of an energy tax, carbon tax. there's talk of a wealth tax on top of the higher capital gains tax, higher corporate tax, smaller business tax. all taxes are going up. one thing, charles, it's not just going to affect the rich, it's going to affect every one of us. employers that are getting whacked. when employers get whacked, they don't hire as many. >> charles: and the stuff for small businesses will be allowed to expire. here's something that angers me beyond the bait and switch, being promised something and getting something different in reality. now the justification is that only 2% of the nation will be affected by these changes. here's the interesting thing, stephen. 1.5% of the nation is affected by minimum wage. yet they go crazy over that. we've got to have higher minimum wage and it affects less people than this even by their own admission and how can they just sweep this under the rug? it's crushing. >> i never have believed these claims for the last 35 years when democrats say don't worry, it's only going to affect bill gates and warren and zuckerberg. most of the money is in the hands of the middle class. if you want to raise the trillions to pay for all of this spending and don't forget the other thing that happened when democrats are now talking about a 1 to $2 trillion green new deal infrastructure bill. where is the money going to come from to pay for this? if you go with an energy tax, that affects everybody that drive as car or heats their home. so it's higher costs for every one. i guarantee that. ing the effects on the economy will be negative. the reason we drove down the tax rates in the trump tax plan is to make america more competitive. to bring the jobs back to the united states. it worked like a charm. i don't understand the logic of reversing that. >> charles: speaking of logic and sincerity. let's admit that people worked their way toward that. we're talking about folks in their 40s, that have children, saving for college. they worked hard and made enormous sacrifice, what we call the middle class. and their reward is to be punished for it and brow beaten and humiliated for speaking up. the same with the estate tax. they're going to start at $1 million and take half of it? i worked at my life to leave it to the kids. i just -- this is an assault on the american dream in my opinion. >> the estate tax, people have not focused on that. i glad you brought that up. it's the highest tax in 30 or 40 years. it taxes -- you talk about this -- the increase in the -- the step-up basis on capitol gains. if your parents bought a house at $100,000 and it's worth $400,000, you have to pay a tax on that $300,000 appreciation. if they pass that, people will have to sell the farm or the ranch or the home to pay the taxes. >> charles: steve, i want to switch your attention. looked like we were going to have a small session and then the federal reserve threw a wrench into everything not to get too wonky. there's a requirement for banks to hold on to more capitol. senator elizabeth warren put pressure on the regulators and they blinked. consequently, we had another big down day for stocks after five weeks of roller coaster rides. is this again the time to put these sort of onus restrictions on banks and other parts of the economy that when we need the liquidity, need money flowing through this economy? >> we need the banks to be lending is what we need them to be doing. i'm in favor of a safety requirement for the banks so we don't have another 2007 and 8 again. but these are very stringent requirements on banks and prohibits them from lending out the money to the small businesses that we need that are the life blood of the economy. it goes back to the question that we talked about. the people in the top 2%, you know what they do for a living, most of them own, operate or invest in small businesses. so if you're taking that money outs of the small businesses, where are the jobs going to come from? >> charles: yeah. steve moore, always a pleasure. thank you. >> thank you, charles. >> charles: folks, you're now looking live at new york city where as you just heard indoor dining will go to 50% capacitied too. that's up from 35%. it's giving my next guest reason to be hopeful. andres is the owner of tribeca's kitchen. we talked before. first of all, congratulations for toughing it through this much of what has been a onerous approach to your industry in new york city. is this enough for you to make it through? >> we already made it through. we got this far. i've been through everything under the sun. if you told me i'm a new customer, he said there's a lot of new yorkers that have never been to new york. there's a lot of new yorkers that stay here and a lot of people that left. new yorkers have a strong way and they never lose. they get through it. we deal with it. this is another one. so all of the things that could be happening out there, you know, as a restaurant owner, my dad worked here for 30 years. we have an obligation to bring everything back. talk about something positive. today is one of those days. i'm happy not to be yelling and screaming and upset about things. but today is about good things and making new memories and the future. i'm very excited. my team is excited. everyone is excited. there's no new normal. the new normal is whatever you want it to be. it's always going to involve human connection. without it, it's not normal. that's where i am and i'm excited to be here. our customers are thrilled and the community is thrilled and that applies across the city. we've been through a lot. we need some happy moments. >> charles: you know, one of the reasons you're so successful and i've watched videos of you is because of your upbeat personality and how you look to the future. that's why you're a superstar in the hospitality industry. a lot of your colleagues have not made it through this from a business poirnlts of -- point of view. you lost your dad to covid. you're amazing. anyone in the industry to have to make it through this day to day, particularly with the restrictions that were put on, we have to salute you. i can't wait to come to your restaurant as a patron. what do you say now to some of the others who are gone now? >> just call. there are ways out. there's solutions. there's always a way. there's nothing like learning. there's so many people that still come here with nothing, with a dream. they just want a chance. >> one chance. not many. if you lose that one, you'll find another one. so you know, i just want you to pass it along and say wow, that person that came with nothing raised someone like that. he must have been amazing. there's a lot of people like him that dedicate their lives to their family. they make it through. happy in this. perseverance. that's the american way. >> charles: god bless you. we'll talk to you soon. you'll be seeing my soon, too. thanks. >> i hope so. before i let you go, my dad used to say, he asked the customer. everything okay? they say yes. he says i believe you if i see you. >> charles: okay. should team biden be thanking the dream up the for giving it leverage today? we'll explain. you think it's expensive to fill up your car now? what some states are turning your pain at the pump to a real pain in the gas. wealth is breaking ground on your biggest project yet. worth is giving the people who build it a solid foundation. wealth is shutting down the office for mike's retirement party. worth is giving the employee who spent half his life with you, the party of a lifetime. wealth is watching your business grow. worth is watching your employees grow with it. principal. for all it's worth. ♪ limu emu & doug ♪ hey limu! 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you talk about hubris, to talk about anything going on in america with respect to how we treat our citizens is really amazing. >> yeah, i was taken by surprise. really by two things. first of all, by the content, the substance of the contents from the two top chinese diplomats and also just for their disregard of the rules of the meeting. they were supposed to speak four 4 minutes in total. they spoke for 20 minutes and 23 seconds. as you pointed out, the comment were belligerent. so i was taken by surprised and i think anthony blinken, jake sullivan were taken by surprise as well. because they did not let the press go after those initial statements, which is what they intended to do. they called them back and then they had that back and forth argument. so everyone has been taken by surprise. >> charles: coming in to the meeting, china asked of the biden administration to drop the trump program, which of course included tariffs and other things. is that sort of an admission that those tariffs, the toughness of the trump administration really took a chunk out of china? >> yes. certainly. it's not just the tariffs. it's also the restrictions on huawei technologies. the chinese telecom networking company, which is a national champion as they call it. it's on the entity list of the commerce department, which prohibits transactions without getting a license. that really has hurt china as well. so there's a number of things that the trump administration did, which china really wants removed immediately: >> charles: gordon, what do you make of -- some national security experts said this meeting was a success in that the biden administration asked questions with regard to our allies. that they felt we were always going it alone. by the same token, i'm not confident that we could have any sort of strong policy against china if we're waiting for our "friends" to join in. especially in europe. i don't see it happening. >> yeah, especially not in europe. because on the eve of biden's inauguration, the comprehensive agreement was announced from the european union. that was a slap in the face of biden. biden was talking about getting our allies on board. now, in asia, it's better. countries are following our leadership. but clearly in europe, we've got a lot of work to do. so it's going to take biden actually taking the lead, and i'm not so sure she's con if i dents about doing that. i'm not so sure he thought he would have to. clearly after this meeting in anchorage, we have to lead the way. >> charles: i have a lot of time. i'm think i'm pleasantly surprised with the biden administration so far vis a vis taiwan, flexing some muscle. seems like china is making it clearer and clearer that they want to bring taiwan want in to the fold one way or the other. >> yes. they said that they must exit within five years. the statement from the foreign ministry about the smell of gunpowder shows that the chinese regime is preparing the chinese people for war. they very well may be bluffing. i think they are. but regimes that bluff about war usually start them, charles. this is an exceedingly dangerous period for us. >> charles: gordon chang, i hope everybody is paying attention. and the cdc said three feet is fine for students. will teachers be on board? if it's okay with schools, why not everywhere? dr. marty makary is here and gas taxes adding to pain at the pump. new push to tax drivers by the mile. insane? we'll explain. rement income is complicated. as your broker, i've solved it. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. challenging times are nothing new. neither are resilient people. there's strength in every family story. learn more about yours. at ancestry. >> charles: the push for a mileage tax to pay for crumbling roads and bridges. what about the gas taxes? where is the money going from them? we'll let you know. we'll be back in 60 seconds. hey, guys! they have customized solutions to help our family's special needs... giving us confidence in our future... ...and in kevin's. voya. well planned. well invested. well protected. are you packed yet? our flight is early tomorrow. and it's a long flight too. once we get there, we will need... buttercup! ♪ did you know prilosec otc can stop frequent heartburn before it begins? heartburn happens when stomach acid refluxes into the esophagus. prilosec otc uses a unique delayed-release formula that helps it pass through the tough stomach acid. it then works to turn down acid production, blocking heartburn at the source. with just one pill a day, you get 24-hour heartburn protection. prilosec otc. one pill a day, 24 hours, zero heartburn. >> charles: you're already getting slammed at the pump. gas prices are up 47 days straight. the average pushing $3 a gallon. some states are testing a mileage tax which will force people to pay for each mile. there's more ways to make money. let's get the read from democratic strategist, the washing to -- washington examiner's kayly mcgee. this sounds like scary stuff. >> it would be like driving down a toll road all the time. there's very few electric vehicles on the road. so every single driver in america would be subject to this tax. and it's just impractical to claim that taxing people is going to push them towards electric vehicles. in a lot of cases, it's going to do the opposite. if it was easy to own an electric vehicle, my guess is there would be more of them on the road. a lot of cases it's unnecessary and it's hard to maintain. they're expensive. so this is not the right way to go about pushing alternatives. so for me, if you put something in my car, once it's electrified, we know that people -- that lower income, middle income folks are the ones that drive the furthest to work. again, i think it's going to end up punishing people that could afford it the least. >> correct. i mean, i don't throw the government out of line when it comes to them finding out how to do an electric charge tax. that would come years later as well. the weird thing for me, charles, aren't we getting taxed why the mile? i'm in illinois. it's beautiful behind me, yes. chicago is right here. in chicago, a dollar of the cash prices that we pay at the pump go to taxes and fees already. one whole dollar. that's on the rise. so we're already paying for everything when it comes to the government overreach. the government spending. the government regulations of how they basically operate here. we're paying for that with these gas taxes. in the 90s and 2000s, this was supposed to help pay for roads and bridges and the freeways out there in chicago. guess what? you're not free. you're paying to drive on them. >> jason, to that point, to cross the george washington bridge, it's $18. i stopped counting. everything keeps going up. we hear the same compliants. you wonder if it's another way to pinch our pocket. >> yeah, i don't think that is necessarily the case. i understand the argument that my counter parts are making. we know the gas tax is unsustainable. cars are more fuel efficient. not only the electric cars. that's one of the reasons why 2% of the cars are electric, because of the lack of charging station which the biden administration says they want to fix. raising the gas tax won't be enough. the strongest argument against this is people that are afraid that their day that will be insecure, they're going to be tracked. whereabouts will be tracked. if you have a cell phone, an easy pass, if you use social media, your whereabouts are already being tracked. so the gas tax, people in rural areas, need to get a travel tax credit. they're going to drive longer distances to work. so they should not bear the burden more in wyoming or montana than you do in manhattan. so there needs to be a tax credit and a nationwide system. >> charles: so kayleigh, we're on the verge now of another infrastructure bill that could be between $2 trillion and $4 trillion. we're being told that mean is going to be used for crumbling roads and bridges, which by the way, two weeks ago, got an improvement in the great american society of engineers went from a c minus to take $4 trillion. but you know, feels like it's another attempt to invade our privacy and to get deeper in our pockets. i'm not buying it. >> you know, this tax might be justifiable if you could guarantee that it was going towards the roads. i'm from michigan. the roads are notoriously horrible. somehow we still have potholes all over the place, no matter how many billions the state government dumps in. so you can tax people as much as you want. until there's an actual sign that something is changing, that the infrastructure is improving, it is really hard to believe that simply asking for more money is going to fix the problem. >> charles: you know, scott, she's lucky. new york, new jersey, illinois, they never ask. they just take. they're nice in michigan. they're asking for the money. a minute to go. wrap this up for us. it always fields like we hear about these things, particularly another hike in the gas tax. people rise up, this is something that crosses across the political aisle. people say no way. you think this will come to fruition? >> in some states it might. here's the interesting thing for me. the fact that we're getting hopefully, crossing our fingers and toes at the end of the covid pandemic and we're going to have this great reopening of the economy and take the regulations off of the businesses. you're going to hopefully have people out there driving. the government wants to come in right away and be like you know what? that will cost you more to do so as the economy is going to reopen and get going again. >> charles: all right. let's leave it there. thank you very much. florida republican governor ron desantis is calling out lockdown pushing elitists. who does he mean by that? take a few guests. dr. marty makary is coming on that. and forget about a crisis. speaker nancy pelosi says president biden has the border situation under control? really. we'll ask a border agent spokesman what he thinks. mm. 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>> charles: thanks, gillian. susan li has more on what she expects to hear from president biden today. >> it's been a tough week for the asian american community. the motives are still playing out in atlanta. but generally, we deal with facts. six out of the eight victims are asian women. it's a fact that anti-asian violence has surged 100%. it's a fact that the asian community is now fearful after these shootings regardless of motive and that will play out later on. it's this long simmering fear percolating the past year. when i walked in chinatown or i've had relatives tell me their stories passing by, people have shouted virus at them or some other deregulatory term. it's something that needs to stop. hopefully there's something coming from the white house and maybe something from congress. heightened policing would be great. >> charles: how is it helpful all of the guessing and finger pointing and also, susan, could there be excuses? underlying animosity or prejudice towards asian americans that now has been unleashed for whatever reason but was there for a long time? certain resentment. >> you know, it's been there a long time. growing up, as something in new york america, i was here since i was 2 years old, you have been called names in the playground. for some reason the past year you heard this replay of things that you felt and hoped for were in the past. but maybe it's because of what happened to the economy, people have lost their jobs. obviously covid has been horrendous for everybody the past 12 months. for the entire community, we're standing up for ourselves finally because asians have been cold the minority. we've been silenced. it's been galvanized and we're getting together, standing as one hoping for a voice to say please stop. we're all in this together, we're all americans as well and we want to be part of this community. >> charles: yeah, i wouldn't say middle minority. model americans. and i hope you get the answers as a nation get the answers and get back on track. thanks, susan. appreciate your candidness with this. we'll have more from the cdc today. we got more. now three feet of distancing is good for students. but the question is, is it safe for schools? why not just everyone? also florida republican governor ron desantis calling out lock down pushing elitists. dr. marty makary on that after this. over 10 years ago, we made a promise to redefine everything a truck can be. ♪ and while we've made good on that promise by winning back to back to back motor trend truck of the year awards, the work is never done. ♪ cell phone repair. the work is never done. did you know liberty mutual customizes your car insurance so you only pay for what you need? just get a quote at libertymutual.com. really? i'll check that out. oh yeah. i think i might get a quote. not again! aah, come on rice. do your thing. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ if you smell gas, you're too close. leave the structure, call 911, keep people away, and call pg&e right after so we can both respond out and keep the public safe. if you see wires down, treat them all as if they're hot and energized. stay away from any downed wire, call 911, and call pg&e right after so we can both respond out and keep the public safe. >> charles: the cdc said they're relaxing the requirements from six feet to three feet. is this good news? fox news contributor, marty mccrary joins us. your thoughts, doctor, three feet? a lot of states are already open. the science seems to be there. could we see a better push to get schools reopened? >> i hope so. there's a big difference between three feet and six feet. you can put double the number of kids in a classroom for in-person learning. this data has been around a long time. it's funny that the cdc is adjudicaing this. it's coming out about 11 months late. >> the biden administration is having a summit about this reopening of schools. the focus would be on safety so feels like all of -- feels like everything is there. what element could hold them back? is there something that we don't know about? is there some concern that is not being talked about? >> well, basically the summit is another stall tactic. the longer way wait, the more research you summon, the more you arbitrate the debates that have been around like three feet versus six feet, the more you reconvene people to try to discuss it again, all of that takes time. and over time basically the battle is being won by the teacher's unions, this is a seteled science. it's purely political. be aware of the summoning and convening, they're often stall tactics. >> i want your reaction to a piece in the "wall street journal" written by ron desantis. he said don't trust the elites. what do you say? >> there's a lot of group think in the establishment. dr. fauci and dr. walensky have been complicit in this issue. where has their voice been? what i appreciated about ron desantis' piece in the wall street journal, he said we need to play it safe and close things. but in may of last year, the data became evident. when the data comes in, you have to evolve your strategy. that's what they did. i think a lot of people are looking now and saying that was a successful change. >> charles: too that point, felt like initially the elites were using science as a shield. when the science turned and it was 1% transmission to restaurants, i'll have will from children to teachers or anything else, they ignored it completely. >> that's where we are right now. the science is overwhelming. there's an avalanche of science that supports schools being reopened and tragically showing the arm of isolation. where has that science been? our battle is not just against viral transmission. it's about the devaluing of human life. we've got to consider the effects of profound isolation. charles, i've seen it. we've seen cognitive impairment celebrate. people falling apart. people in their here years, people that are young. all of that needs to be considered in its totality. >> charles: yeah, on a personal note, i had to deal with a family member that went through a serious issue. that was scary for our family. not as often as you but i know. thanks, doctor. appreciate it. speaker pelosi says that president biden has this situation at the border saying he has it under control. who does everybody on the ground have to say? 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how are the agents handling this surge? >> you know, we are woefully understrength at many stations, we are seeing huge, huge numbers, larger numbers than i've ever seen and it's very difficult dealing with what we've got going on right now. >> it just seems impossible, and of course this is what a media blackout but the numbers themselves, we are talking multiple hundred% fire, his help on the way he? what you being told by the folks above you, what are you being told by the biden administration? are you going to get some assistance down there? >> you know, we hope so, from my understanding the help was already here and it's just not enough, we are seeing numbers that are unprecedented. last night at my station it was just from 3:00, 4:00 on, it was just person after person turning themselves in, somewhere around 900 people in one shift turning themselves in and that has nothing to do with the narcotics, the human smuggling and people trying to evade us so yeah, we are in a very bad situation and it seems just continuing to get worse. >> is the notion then, chris, because it's a new administration that made immediate changes, once you get there, turn yourselves in and you are here to stay? >> you know, that's what the people crossing, the illegal aliens we apprehend, that's what they believe it is. they believe is whether it's been said or not, they believe is on say get here they are good to go and they are going to get to stay and more and more just keep coming in, the numbers are higher every single day. >> has there been any increase in violence? i know there's a lot of, the mexican mafia, the coyotes, an assortment of people bringing drugs across, has there been an uptick in violence so far? >> since the beginning of that year we have had a few upticks, areas, a couple instances in our areas where we've seen violence from people trying to avoid apprehension, latch onto one of our agents, we had quite a few, nothing that's skyrocketing but it is cause for concern. >> speaker pelosi use the word of god humanitarian" and i wonder how humanitarian it could be to lure all of these unaccompanied children, you know, to this amazing track, this dangerous track and how can you deal with them because from what i understand there are no facilities left. >> it is a humanitarian issue although i don't see a very humane and beckoning people to cross borders like they do, children young as three or four years old traveling by themselves, 7-year-olds traveling by themselves, with no one to look out for them. and many of them don't make it, i don't see that as a humane in any sense of the word. it's criminal, it's criminal the way these kids are getting exploited. >> chris, get some rest, we appreciate you taking the time and we will continue to check in on you. this is a major story and we won't let it go. thank you very much. >> thank you. >> we will have much more of this tomorrow with the homeland security chad wolf. will they send the economy reeling? tomorrow at 10:00 a.m. eastern, of course you can catch me on fox business network any weekday, 2:00 p.m. eastern time. "the five" starts right now. ♪ ♪ >> jesse: hello everybody, i'm jesse watters along with juan williams, sandra smith, greg gutfeld and kayleigh mcenany. it's 5:00 in new york city and this is "the five." ♪ ♪ >> sciences back. all kidding aside, think about it. for the longest time, not just the cdc about science, science was viewed as sort of an appendage to anything else we are talking about but it's back.

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restaurants, retail, gyms, bars all allowed up to full capacity today. masks are required and so is social distancing. here in new york city, we have indoor dining going up to 50% today. safe for new jersey as well. the mets and the yankees can fill stands up to 20% on opening day. april 1. americans are flying a again with travel recovery. the tsa screening a record 1 million passengers a day for the past week. that's the most over a week now since the pandemic started. the big screens are also open to movie fans. amc says 98% of movie theaters are open across the country. limited capacity depending on state laws. all of this made possible with the roll-out of vaccines. the u.s. reaching an important milestone today. >> we reached our 100 million shots goal in 58 days. weeks ahead of schedule. >> so the accelerating pace, of course, of vaccines making this all possible at this point. many on wall street forecasting strong recovery in the u.s. economy. so look at the federal reserve predicting the economy to grow by 6.5%, which would be the fastest since the 80s. the highest comes from goldman sachs. they're fasting 8% growth. the last time the u.s. grew 8% was 70 years ago in 1951. wouldn't that be impressive? >> charles: that would be impressive. i can't wait. thanks so much, susan. with the economy just starting to rev up, my next guest says the $2 trillion tax hikes will have it crashing back down. steve, so curious that just a few weeks after we were told the economy was so shaky that things were so problematic that we had to pass yet another fiscal stimulus bill. the same administration is saying now let's tax the same economy that was weak and vulnerable two weeks ago. >> doesn't add up, does it, charles? the tax bill, we don't know how large it will be but it's growing. the other day the white house said this would apply to people that made $200,000. it was $400,000. there's tax of an energy tax, carbon tax. there's talk of a wealth tax on top of the higher capital gains tax, higher corporate tax, smaller business tax. all taxes are going up. one thing, charles, it's not just going to affect the rich, it's going to affect every one of us. employers that are getting whacked. when employers get whacked, they don't hire as many. >> charles: and the stuff for small businesses will be allowed to expire. here's something that angers me beyond the bait and switch, being promised something and getting something different in reality. now the justification is that only 2% of the nation will be affected by these changes. here's the interesting thing, stephen. 1.5% of the nation is affected by minimum wage. yet they go crazy over that. we've got to have higher minimum wage and it affects less people than this even by their own admission and how can they just sweep this under the rug? it's crushing. >> i never have believed these claims for the last 35 years when democrats say don't worry, it's only going to affect bill gates and warren and zuckerberg. most of the money is in the hands of the middle class. if you want to raise the trillions to pay for all of this spending and don't forget the other thing that happened when democrats are now talking about a 1 to $2 trillion green new deal infrastructure bill. where is the money going to come from to pay for this? if you go with an energy tax, that affects everybody that drive as car or heats their home. so it's higher costs for every one. i guarantee that. ing the effects on the economy will be negative. the reason we drove down the tax rates in the trump tax plan is to make america more competitive. to bring the jobs back to the united states. it worked like a charm. i don't understand the logic of reversing that. >> charles: speaking of logic and sincerity. let's admit that people worked their way toward that. we're talking about folks in their 40s, that have children, saving for college. they worked hard and made enormous sacrifice, what we call the middle class. and their reward is to be punished for it and brow beaten and humiliated for speaking up. the same with the estate tax. they're going to start at $1 million and take half of it? i worked at my life to leave it to the kids. i just -- this is an assault on the american dream in my opinion. >> the estate tax, people have not focused on that. i glad you brought that up. it's the highest tax in 30 or 40 years. it taxes -- you talk about this -- the increase in the -- the step-up basis on capitol gains. if your parents bought a house at $100,000 and it's worth $400,000, you have to pay a tax on that $300,000 appreciation. if they pass that, people will have to sell the farm or the ranch or the home to pay the taxes. >> charles: steve, i want to switch your attention. looked like we were going to have a small session and then the federal reserve threw a wrench into everything not to get too wonky. there's a requirement for banks to hold on to more capitol. senator elizabeth warren put pressure on the regulators and they blinked. consequently, we had another big down day for stocks after five weeks of roller coaster rides. is this again the time to put these sort of onus restrictions on banks and other parts of the economy that when we need the liquidity, need money flowing through this economy? >> we need the banks to be lending is what we need them to be doing. i'm in favor of a safety requirement for the banks so we don't have another 2007 and 8 again. but these are very stringent requirements on banks and prohibits them from lending out the money to the small businesses that we need that are the life blood of the economy. it goes back to the question that we talked about. the people in the top 2%, you know what they do for a living, most of them own, operate or invest in small businesses. so if you're taking that money outs of the small businesses, where are the jobs going to come from? >> charles: yeah. steve moore, always a pleasure. thank you. >> thank you, charles. >> charles: folks, you're now looking live at new york city where as you just heard indoor dining will go to 50% capacitied too. that's up from 35%. it's giving my next guest reason to be hopeful. andres is the owner of tribeca's kitchen. we talked before. first of all, congratulations for toughing it through this much of what has been a onerous approach to your industry in new york city. is this enough for you to make it through? >> we already made it through. we got this far. i've been through everything under the sun. if you told me i'm a new customer, he said there's a lot of new yorkers that have never been to new york. there's a lot of new yorkers that stay here and a lot of people that left. new yorkers have a strong way and they never lose. they get through it. we deal with it. this is another one. so all of the things that could be happening out there, you know, as a restaurant owner, my dad worked here for 30 years. we have an obligation to bring everything back. talk about something positive. today is one of those days. i'm happy not to be yelling and screaming and upset about things. but today is about good things and making new memories and the future. i'm very excited. my team is excited. everyone is excited. there's no new normal. the new normal is whatever you want it to be. it's always going to involve human connection. without it, it's not normal. that's where i am and i'm excited to be here. our customers are thrilled and the community is thrilled and that applies across the city. we've been through a lot. we need some happy moments. >> charles: you know, one of the reasons you're so successful and i've watched videos of you is because of your upbeat personality and how you look to the future. that's why you're a superstar in the hospitality industry. a lot of your colleagues have not made it through this from a business poirnlts of -- point of view. you lost your dad to covid. you're amazing. anyone in the industry to have to make it through this day to day, particularly with the restrictions that were put on, we have to salute you. i can't wait to come to your restaurant as a patron. what do you say now to some of the others who are gone now? >> just call. there are ways out. there's solutions. there's always a way. there's nothing like learning. there's so many people that still come here with nothing, with a dream. they just want a chance. >> one chance. not many. if you lose that one, you'll find another one. so you know, i just want you to pass it along and say wow, that person that came with nothing raised someone like that. he must have been amazing. there's a lot of people like him that dedicate their lives to their family. they make it through. happy in this. perseverance. that's the american way. >> charles: god bless you. we'll talk to you soon. you'll be seeing my soon, too. thanks. >> i hope so. before i let you go, my dad used to say, he asked the customer. everything okay? they say yes. he says i believe you if i see you. >> charles: okay. should team biden be thanking the dream up the for giving it leverage today? we'll explain. you think it's expensive to fill up your car now? what some states are turning your pain at the pump to a real pain in the gas. wealth is breaking ground on your biggest project yet. worth is giving the people who build it a solid foundation. wealth is shutting down the office for mike's retirement party. worth is giving the employee who spent half his life with you, the party of a lifetime. wealth is watching your business grow. worth is watching your employees grow with it. principal. for all it's worth. ♪ limu emu & doug ♪ hey limu! 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(sigh) still your best friend. and now your co-pilot. still a father. but now a friend. still an electric car. just more electrifying. still a night out. but everything fits in. still hard work. just a little easier. still a legend. just more legendary. chevrolet. making life's journey, just better. it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. >> we've had some conversations with our chinese counter parts the last couple days. and we certainly know and knew going in that there are a number of areas that we're fundamentally at odds, including china's actions with regard to the hong kong, tibet, increasingly taiwan as well as actions that have taken in sovereign space. >> charles: to anchorage, alaska where it's about 13 degrees outside but probably warmer than it is inside the u.s. china talks which got off to an icy start. biden's team will have the trump tariffs to thank if these meeting goes anywhere. gordon chang joins me now. were you surprised at the vitriolic ways on both sides, looking at each other, hurling insults, particularly from china's point of view? you talk about hubris, to talk about anything going on in america with respect to how we treat our citizens is really amazing. >> yeah, i was taken by surprise. really by two things. first of all, by the content, the substance of the contents from the two top chinese diplomats and also just for their disregard of the rules of the meeting. they were supposed to speak four 4 minutes in total. they spoke for 20 minutes and 23 seconds. as you pointed out, the comment were belligerent. so i was taken by surprised and i think anthony blinken, jake sullivan were taken by surprise as well. because they did not let the press go after those initial statements, which is what they intended to do. they called them back and then they had that back and forth argument. so everyone has been taken by surprise. >> charles: coming in to the meeting, china asked of the biden administration to drop the trump program, which of course included tariffs and other things. is that sort of an admission that those tariffs, the toughness of the trump administration really took a chunk out of china? >> yes. certainly. it's not just the tariffs. it's also the restrictions on huawei technologies. the chinese telecom networking company, which is a national champion as they call it. it's on the entity list of the commerce department, which prohibits transactions without getting a license. that really has hurt china as well. so there's a number of things that the trump administration did, which china really wants removed immediately: >> charles: gordon, what do you make of -- some national security experts said this meeting was a success in that the biden administration asked questions with regard to our allies. that they felt we were always going it alone. by the same token, i'm not confident that we could have any sort of strong policy against china if we're waiting for our "friends" to join in. especially in europe. i don't see it happening. >> yeah, especially not in europe. because on the eve of biden's inauguration, the comprehensive agreement was announced from the european union. that was a slap in the face of biden. biden was talking about getting our allies on board. now, in asia, it's better. countries are following our leadership. but clearly in europe, we've got a lot of work to do. so it's going to take biden actually taking the lead, and i'm not so sure she's con if i dents about doing that. i'm not so sure he thought he would have to. clearly after this meeting in anchorage, we have to lead the way. >> charles: i have a lot of time. i'm think i'm pleasantly surprised with the biden administration so far vis a vis taiwan, flexing some muscle. seems like china is making it clearer and clearer that they want to bring taiwan want in to the fold one way or the other. >> yes. they said that they must exit within five years. the statement from the foreign ministry about the smell of gunpowder shows that the chinese regime is preparing the chinese people for war. they very well may be bluffing. i think they are. but regimes that bluff about war usually start them, charles. this is an exceedingly dangerous period for us. >> charles: gordon chang, i hope everybody is paying attention. and the cdc said three feet is fine for students. will teachers be on board? if it's okay with schools, why not everywhere? dr. marty makary is here and gas taxes adding to pain at the pump. new push to tax drivers by the mile. insane? we'll explain. rement income is complicated. as your broker, i've solved it. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. challenging times are nothing new. neither are resilient people. there's strength in every family story. learn more about yours. at ancestry. >> charles: the push for a mileage tax to pay for crumbling roads and bridges. what about the gas taxes? where is the money going from them? we'll let you know. we'll be back in 60 seconds. hey, guys! they have customized solutions to help our family's special needs... giving us confidence in our future... ...and in kevin's. voya. well planned. well invested. well protected. are you packed yet? our flight is early tomorrow. and it's a long flight too. once we get there, we will need... buttercup! ♪ did you know prilosec otc can stop frequent heartburn before it begins? heartburn happens when stomach acid refluxes into the esophagus. prilosec otc uses a unique delayed-release formula that helps it pass through the tough stomach acid. it then works to turn down acid production, blocking heartburn at the source. with just one pill a day, you get 24-hour heartburn protection. prilosec otc. one pill a day, 24 hours, zero heartburn. >> charles: you're already getting slammed at the pump. gas prices are up 47 days straight. the average pushing $3 a gallon. some states are testing a mileage tax which will force people to pay for each mile. there's more ways to make money. let's get the read from democratic strategist, the washing to -- washington examiner's kayly mcgee. this sounds like scary stuff. >> it would be like driving down a toll road all the time. there's very few electric vehicles on the road. so every single driver in america would be subject to this tax. and it's just impractical to claim that taxing people is going to push them towards electric vehicles. in a lot of cases, it's going to do the opposite. if it was easy to own an electric vehicle, my guess is there would be more of them on the road. a lot of cases it's unnecessary and it's hard to maintain. they're expensive. so this is not the right way to go about pushing alternatives. so for me, if you put something in my car, once it's electrified, we know that people -- that lower income, middle income folks are the ones that drive the furthest to work. again, i think it's going to end up punishing people that could afford it the least. >> correct. i mean, i don't throw the government out of line when it comes to them finding out how to do an electric charge tax. that would come years later as well. the weird thing for me, charles, aren't we getting taxed why the mile? i'm in illinois. it's beautiful behind me, yes. chicago is right here. in chicago, a dollar of the cash prices that we pay at the pump go to taxes and fees already. one whole dollar. that's on the rise. so we're already paying for everything when it comes to the government overreach. the government spending. the government regulations of how they basically operate here. we're paying for that with these gas taxes. in the 90s and 2000s, this was supposed to help pay for roads and bridges and the freeways out there in chicago. guess what? you're not free. you're paying to drive on them. >> jason, to that point, to cross the george washington bridge, it's $18. i stopped counting. everything keeps going up. we hear the same compliants. you wonder if it's another way to pinch our pocket. >> yeah, i don't think that is necessarily the case. i understand the argument that my counter parts are making. we know the gas tax is unsustainable. cars are more fuel efficient. not only the electric cars. that's one of the reasons why 2% of the cars are electric, because of the lack of charging station which the biden administration says they want to fix. raising the gas tax won't be enough. the strongest argument against this is people that are afraid that their day that will be insecure, they're going to be tracked. whereabouts will be tracked. if you have a cell phone, an easy pass, if you use social media, your whereabouts are already being tracked. so the gas tax, people in rural areas, need to get a travel tax credit. they're going to drive longer distances to work. so they should not bear the burden more in wyoming or montana than you do in manhattan. so there needs to be a tax credit and a nationwide system. >> charles: so kayleigh, we're on the verge now of another infrastructure bill that could be between $2 trillion and $4 trillion. we're being told that mean is going to be used for crumbling roads and bridges, which by the way, two weeks ago, got an improvement in the great american society of engineers went from a c minus to take $4 trillion. but you know, feels like it's another attempt to invade our privacy and to get deeper in our pockets. i'm not buying it. >> you know, this tax might be justifiable if you could guarantee that it was going towards the roads. i'm from michigan. the roads are notoriously horrible. somehow we still have potholes all over the place, no matter how many billions the state government dumps in. so you can tax people as much as you want. until there's an actual sign that something is changing, that the infrastructure is improving, it is really hard to believe that simply asking for more money is going to fix the problem. >> charles: you know, scott, she's lucky. new york, new jersey, illinois, they never ask. they just take. they're nice in michigan. they're asking for the money. a minute to go. wrap this up for us. it always fields like we hear about these things, particularly another hike in the gas tax. people rise up, this is something that crosses across the political aisle. people say no way. you think this will come to fruition? >> in some states it might. here's the interesting thing for me. the fact that we're getting hopefully, crossing our fingers and toes at the end of the covid pandemic and we're going to have this great reopening of the economy and take the regulations off of the businesses. you're going to hopefully have people out there driving. the government wants to come in right away and be like you know what? that will cost you more to do so as the economy is going to reopen and get going again. >> charles: all right. let's leave it there. thank you very much. florida republican governor ron desantis is calling out lockdown pushing elitists. who does he mean by that? take a few guests. dr. marty makary is coming on that. and forget about a crisis. speaker nancy pelosi says president biden has the border situation under control? really. we'll ask a border agent spokesman what he thinks. mm. 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>> charles: thanks, gillian. susan li has more on what she expects to hear from president biden today. >> it's been a tough week for the asian american community. the motives are still playing out in atlanta. but generally, we deal with facts. six out of the eight victims are asian women. it's a fact that anti-asian violence has surged 100%. it's a fact that the asian community is now fearful after these shootings regardless of motive and that will play out later on. it's this long simmering fear percolating the past year. when i walked in chinatown or i've had relatives tell me their stories passing by, people have shouted virus at them or some other deregulatory term. it's something that needs to stop. hopefully there's something coming from the white house and maybe something from congress. heightened policing would be great. >> charles: how is it helpful all of the guessing and finger pointing and also, susan, could there be excuses? underlying animosity or prejudice towards asian americans that now has been unleashed for whatever reason but was there for a long time? certain resentment. >> you know, it's been there a long time. growing up, as something in new york america, i was here since i was 2 years old, you have been called names in the playground. for some reason the past year you heard this replay of things that you felt and hoped for were in the past. but maybe it's because of what happened to the economy, people have lost their jobs. obviously covid has been horrendous for everybody the past 12 months. for the entire community, we're standing up for ourselves finally because asians have been cold the minority. we've been silenced. it's been galvanized and we're getting together, standing as one hoping for a voice to say please stop. we're all in this together, we're all americans as well and we want to be part of this community. >> charles: yeah, i wouldn't say middle minority. model americans. and i hope you get the answers as a nation get the answers and get back on track. thanks, susan. appreciate your candidness with this. we'll have more from the cdc today. we got more. now three feet of distancing is good for students. but the question is, is it safe for schools? why not just everyone? also florida republican governor ron desantis calling out lock down pushing elitists. dr. marty makary on that after this. over 10 years ago, we made a promise to redefine everything a truck can be. ♪ and while we've made good on that promise by winning back to back to back motor trend truck of the year awards, the work is never done. ♪ cell phone repair. the work is never done. did you know liberty mutual customizes your car insurance so you only pay for what you need? just get a quote at libertymutual.com. really? i'll check that out. oh yeah. i think i might get a quote. not again! aah, come on rice. do your thing. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ if you smell gas, you're too close. leave the structure, call 911, keep people away, and call pg&e right after so we can both respond out and keep the public safe. if you see wires down, treat them all as if they're hot and energized. stay away from any downed wire, call 911, and call pg&e right after so we can both respond out and keep the public safe. >> charles: the cdc said they're relaxing the requirements from six feet to three feet. is this good news? fox news contributor, marty mccrary joins us. your thoughts, doctor, three feet? a lot of states are already open. the science seems to be there. could we see a better push to get schools reopened? >> i hope so. there's a big difference between three feet and six feet. you can put double the number of kids in a classroom for in-person learning. this data has been around a long time. it's funny that the cdc is adjudicaing this. it's coming out about 11 months late. >> the biden administration is having a summit about this reopening of schools. the focus would be on safety so feels like all of -- feels like everything is there. what element could hold them back? is there something that we don't know about? is there some concern that is not being talked about? >> well, basically the summit is another stall tactic. the longer way wait, the more research you summon, the more you arbitrate the debates that have been around like three feet versus six feet, the more you reconvene people to try to discuss it again, all of that takes time. and over time basically the battle is being won by the teacher's unions, this is a seteled science. it's purely political. be aware of the summoning and convening, they're often stall tactics. >> i want your reaction to a piece in the "wall street journal" written by ron desantis. he said don't trust the elites. what do you say? >> there's a lot of group think in the establishment. dr. fauci and dr. walensky have been complicit in this issue. where has their voice been? what i appreciated about ron desantis' piece in the wall street journal, he said we need to play it safe and close things. but in may of last year, the data became evident. when the data comes in, you have to evolve your strategy. that's what they did. i think a lot of people are looking now and saying that was a successful change. >> charles: too that point, felt like initially the elites were using science as a shield. when the science turned and it was 1% transmission to restaurants, i'll have will from children to teachers or anything else, they ignored it completely. >> that's where we are right now. the science is overwhelming. there's an avalanche of science that supports schools being reopened and tragically showing the arm of isolation. where has that science been? our battle is not just against viral transmission. it's about the devaluing of human life. we've got to consider the effects of profound isolation. charles, i've seen it. we've seen cognitive impairment celebrate. people falling apart. people in their here years, people that are young. all of that needs to be considered in its totality. >> charles: yeah, on a personal note, i had to deal with a family member that went through a serious issue. that was scary for our family. not as often as you but i know. thanks, doctor. appreciate it. speaker pelosi says that president biden has this situation at the border saying he has it under control. who does everybody on the ground have to say? 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how are the agents handling this surge? >> you know, we are woefully understrength at many stations, we are seeing huge, huge numbers, larger numbers than i've ever seen and it's very difficult dealing with what we've got going on right now. >> it just seems impossible, and of course this is what a media blackout but the numbers themselves, we are talking multiple hundred% fire, his help on the way he? what you being told by the folks above you, what are you being told by the biden administration? are you going to get some assistance down there? >> you know, we hope so, from my understanding the help was already here and it's just not enough, we are seeing numbers that are unprecedented. last night at my station it was just from 3:00, 4:00 on, it was just person after person turning themselves in, somewhere around 900 people in one shift turning themselves in and that has nothing to do with the narcotics, the human smuggling and people trying to evade us so yeah, we are in a very bad situation and it seems just continuing to get worse. >> is the notion then, chris, because it's a new administration that made immediate changes, once you get there, turn yourselves in and you are here to stay? >> you know, that's what the people crossing, the illegal aliens we apprehend, that's what they believe it is. they believe is whether it's been said or not, they believe is on say get here they are good to go and they are going to get to stay and more and more just keep coming in, the numbers are higher every single day. >> has there been any increase in violence? i know there's a lot of, the mexican mafia, the coyotes, an assortment of people bringing drugs across, has there been an uptick in violence so far? >> since the beginning of that year we have had a few upticks, areas, a couple instances in our areas where we've seen violence from people trying to avoid apprehension, latch onto one of our agents, we had quite a few, nothing that's skyrocketing but it is cause for concern. >> speaker pelosi use the word of god humanitarian" and i wonder how humanitarian it could be to lure all of these unaccompanied children, you know, to this amazing track, this dangerous track and how can you deal with them because from what i understand there are no facilities left. >> it is a humanitarian issue although i don't see a very humane and beckoning people to cross borders like they do, children young as three or four years old traveling by themselves, 7-year-olds traveling by themselves, with no one to look out for them. and many of them don't make it, i don't see that as a humane in any sense of the word. it's criminal, it's criminal the way these kids are getting exploited. >> chris, get some rest, we appreciate you taking the time and we will continue to check in on you. this is a major story and we won't let it go. thank you very much. >> thank you. >> we will have much more of this tomorrow with the homeland security chad wolf. will they send the economy reeling? tomorrow at 10:00 a.m. eastern, of course you can catch me on fox business network any weekday, 2:00 p.m. eastern time. "the five" starts right now. ♪ ♪ >> jesse: hello everybody, i'm jesse watters along with juan williams, sandra smith, greg gutfeld and kayleigh mcenany. it's 5:00 in new york city and this is "the five." ♪ ♪ >> sciences back. all kidding aside, think about it. for the longest time, not just the cdc about science, science was viewed as sort of an appendage to anything else we are talking about but it's back.

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