tv After the Bell FOX Business February 10, 2021 4:00pm-5:00pm EST
no, it is not a bubble. liz: hugh johnson has been doing this a long time. he likes, jpmorgan, lolls, apple. reporter: closing bell -- [closing bell rings] s&p and nasdaq don't quite make it. that will do it for "the claman countdown." you have to tune in for tomorrow. connell: we had a call helping american workers working through the markets. the stocks fighting for records as we close out on wall street. fed chairman jay powell urging a society wide whitment to boost employment to get people back to work. the maybe that helped the dow. if you look at the way we finish, only the dow at a record. it need aded a gain to 10 point gain to set record. nasdaq is down 35 points.
that is what had been a four-day record streak at the close. i'm connell mcshane. welcome to after the bell. it is time for the news happening at this hour. our fox business team coverage today, hillary vaughn reporting from capitol hill, edward lawrence in kensington, maryland. gerri willis in new york. edward start with you, getting children back to school. what is the latest? reporter: there had not been in-person learning all year this year. maryland, montgomery county schools, maryland, will start phased in learning starting march 1st. the private schools are in person. cdc guide lines will be released. they will focus on the on the science. the cdc director says kids can go back in person safely. teachers do not need to be
vaccinated for that happening. we're seeing a little divide with the white house. yesterday the press secretary said the president wants kids in person one day a week by april 30th. today she said exactly that is what the president meant on campaign trail open schools within the first 100 days. >> again the president made, set a goal of reopening majority of schools within within 100 days. when you asked what that meant, i answered the question. that is not the ceiling. that is the bar we're trying to leap over and exceed. reporter: that may not be what voters thought he meant when he said open schools in the first 100 days. still some republicans are concerned that this is putting undue pressure on women. >> women are the primary caregivers in most cases which means while schools aren't open they are at home caring for
their children. child care centers are closing. so we don't have alternatives for that home care. so what we have to do, get those kids safely back to school. make sure child care centers are going. reporter: having virtual learning open, having virtual learn is affecting the economy. the federal reserve chairman today saying companies are having trouble finding some workers. they are turning down jobs because they have to stay at home to take care of their kids and help them teach. back to you. connell: we'll wait more from the cdc on that. thank you, edward lawrence. we got new guidance from the cdc today on another issue. the agency said double masking does reduce your potential exposure to coronavirus by up to 96%. we have news on the vaccine front. new data shows one in 10 americans, 33 million people have received their first shot of a vaccine. about 10 million fully vaccinated at this point. also, if you look at the seven
day average of newly reported cases it is down, falling more than 50% over the past month. and hospitalizations now dropping below 80,000 for the first time in about three months. obviously that is going in the right direction. officials are warning that the numbers are still too high. the more contagious variants could reverse the progress that we're seeing right now. so with that welcome back dr. alexander garza, chief community health officer for st. louis metropolitan pandemic task force. has been on the show a number of times. good to see you, dr. garza. the kids being back to school one day a week, that the goal, should we shoot for something higher, where are you on that particular issue how the science matches up with the politics? >> yeah. it is sort of a mixed bag. the reason why i say that it depends on a lot of different factors. one is, how is the virus circulating in the community that you're talking about? the second one is, is this
school going all of the sort of mitigation strategies that the cdc recommends. the third one is a little bit more individual, so certainly there is a great variety of teachers out there in age and in health conditions. so there is a lot of things to throw into that. now i would say if you can do all those mitigation strategies you're doing pretty well. and if you can keep the virus in check in the community and as you just mentioned cases are coming down really throughout the country and so we are seeing that decline in transmission going on. so you know i'm thinking that as time goes on, so as you reach the april deadline you will see even more cases come down and i think that will then lend itself to more in person teaching. me, myself, my kids are back in school almost nearly full time. they do have to wear masks. they do have to socially distance but they are doing fine. connell: we're moving towards full time in our house as well,
getting there, definitely making progress to what we had. i want to talk about, speaking of progress where we are with the vaccine, there are warnings from experts the current spread in the u.s. would require the biden administration to speed up what they said was their goal on the vaccine front, meet the threshold for herd immunity, protect the population against all these variants we talk bull at time so where do we need to be? i think we're almost 1 1/2 million doses a day. do we need to be three million and what do you think is holding us back at this point from your perspective? >> yeah. we definitely need to be going much faster. so i can tell you from the allocations that we've seen here at the local level, as well at the state level, they have been pretty stagnant. they have increased a little bit since the vaccine first started rolling out. i think you're right, we need to improve that dramatically. whether at three million a day or more, it's, the speed that you need. so the more you can vaccinate on any given day the faster you're
going to get to herd immunity. really it is just math at that point. so you know, that is a good goal three million a day but you really need to be doing more. as far as those variants are concerned, even bigger reason to get vaccinated faster. the main holdup is the manufacturing process. so these are very complex vaccines. you know, you can't just make those and in any kind of lab. takes very specialized equipment and personnel. that is really the rate limiting stuff right now. connell: there is the type of vaccine and differences between them. there is the one-shot vaccine that pfizer or one shot of the pfizer vacs seen, the one that pfizer developed with the company biontech. it we found out can give 2/3 protection against the virus, just the first shot, uk government data came out. jones and johns ceo speculating that we may have to get a yearly shot of that vaccine kind of
like we do with the flu. >> right. connell: what are you taking away from some of the differences between the vaccines, good, bad, indifferent? is there a big difference, if no what stands out to you? >> there is no huge difference. pfizer and moderna have more efficacy than the j&j single shot. the difference for all practical purposes isn't that big of a deal. the news coming out about the efficacy for a first doze of dose of pfizer is encouraging but we don't know the requirements about the second dose and timing or things like that to make any kind of policy shift to just doing single dose. so i would be a little bit hesitant say let's move to single dose strategy. the j&j comment about this being a yearly vaccination that really depends how fast the virus
mutates. so we've been going about this for a year now. we've seen a couple of significant mutations. whether that will continue going forward will really drive this yearly vaccination question. connell: okay. as always, we covered a lot of ground. this is the issue in terms of getting the economy back on track. we covered all the headlines with you, dr. garza as always. thank you, we appreciate it. speaking of headlines, "fox business alert" on uber. fourth quarter results have come in. susan li joins us with those numbers. i see the stock is down a little. reporter: good and bad news in the earnings report to finish off 2020 here, connell. let's go through the good news. they lost less money than anticipated, losing 54 cents a share where analysts were looking for 56 cents. revenue sales, slight miss. they were looking for $2.45 billion, sales, revenues last three months of 2020. they put in 3.165 billion.
a miss of 2% or so. the good news, active monthly platform users did better than anticipated. so 93 million whereas analysts were looking for something below 90 million. gross bookings came ahead of revenue forecasts as well. gross forecast, 17.4 billion. they sold off $207 million worth of dd shares. that is the china, uber of china. that is where they also pulled in some cash as well. let's quakily quickly get through some of results the ceo, it accelerated our capabilities in local commerce, with delivered business more than doubling over the year. when they made big moves in the year, bring up the cfo comments, they acquired businesses like corner shop and postmates and expanded delivery while divesting self-driving which is the atx unit and jump bikes and structurally lowing their cost
base. that sounds great but will they bring forward profitability guidance for this year. here is what they say. these decisions focus much more stronger company and they still remain on track for achieving profitability goals this year, 2021. is it the third or fourth quarter? you heard lyft on the earnings call yesterday, they could possibly achieve in the third quarter of this year. uber not making the same statements just yet. connell: i took a didi in china. reporter: good for you. black service only, right? connell: well being of course. thank you, susan. more to come on uber. in meantime this debate is on now about the deciding who is eligible for stimulus checks, right? the biden administration seems to be at oweds with the far left of its own party whether undocumented inmy immigrants should be receiving relief. hillary vaughn from capitol hill
with the latest. hillary. reporter: democrats are divided whether all, some or none of the immigrants here illegally should get a stimulus check. last week 8 democrats sided with republicans to try to put in an amendment would stop some undocumented immigrants getting a check as part of president biden's american rescue plan but their efforts were botched by others in the democratic party. today in the house, some democratic lawmakers are pitching that as a selling point for the package. >> tax revenues are down. we are driving wealthier taxpayers out of the state in droves. this is something that i have cautioned about as a member of the new york state legislature for years. the fact that you know, they're always looking to increase taxes. reporter: not the right sound bite. i will say some progressives disagree with what house lawmakers said today, that some undocumented workers or immigrants here should receive those stimulus checks but they
want it to go even further. they want illegal immigrants who don't have a social security number but still pay taxes using individual taxpayer identification number, itns, to file taxes want them to relief. progressive group, community of change told "newsweek" this, all taxpayers regardless of immigration status should be eligible for stimulus checks in the covid relief package. it is unconscionable that congress and white house would even consider excluding itin holders from the relief package. community of change, says there are 9.3 million illegal immigrants caught up in this group but i asked the white house where they're drawing the line on who is here illegally, who should get a stimulus check? and they told me if there are two undocumented immigrants here but they have a child with a social security number, they will get access to stimulus relief checks but if you're here illegally, even if you did file taxes, if you don't have a social security number, they
don't think you're entitled to relief. connell. connell: not just this issue. this, we'll have to keep an eye on this. the administration, the president, center left versus the far left of the party how he deals with that will be very important the first 100 days. hillary vaughn on the hill for us. it is a threat meantime to another new york staple and it could end up pushing the financial hub out of the state entirely. this is a real interesting story we'll get into in a moment. one company rolling out a more permanent work plan. what that adjustment could mean for the future workforce and then the economy. shifting the game. we're live from citi field joining in with the fight against the pandemic. stick around. much more here on omething you shouldn't try at home... "after the bell."
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♪. connell: fighting to keep the new york stock exchange in new york. there's talk from the state capital in albany of the implementation of a transfer tax on stock sales. now we're wondering if that might be enough to force the exchange out of town. let's go to gerri willis for more on this story. gerri? reporter: hey, connell. that's right. you can call it a warning shot. nyse president stacy cunningham writing in "the wall street journal" today saying reinstating that stock
transfer tax, well, it could cause the exchange to pull up roots and leave the big apple. listen, here is what she wrote. the new york stock exchange belongs in new york. if albany and lawmakers get their way, however, the center of global finance may need to find a new home. amazing. now she lays out the industry's role as employer and taxpayer, saying it generates, get, this 18% of state tax collections and 60% of nyse private sector wages. there are multiple bills introduced in the state assembly to reintate the tax as half a percent sales tax on value of stock trades. proponents say it could raise as much as 12 to $29 billion a year. but critics say another tax will drive away the wealthiest of new yorkers. listen. >> tax revenues are down. we are driving the wealthier
taxpayers out of the state in droves. this is something that i've cautioned about as a member of the new york state legislature for years. the fact that you know, they're always looking to increase taxes. reporter: so the non-partisan citizens budget committee, they have a report called, let sleeping taxes lie. they say proponents overstated amount of money the tax could raise. it is more like $4 billion. likely less than that since firms, they say might avoid the tax by using new technology or, even leaving new york all together. now as i send it back to you, connell, i just want to say, proponents say side benefit it, would quote disincentivize high churn trading. on other hand it might disincentivize all trading in new york. you remember countries like france and sweden put in tax regimes like this, the trading
went to london. back to you. connell: very good point how europe was organized. now here with the way the trading world is organized, may be less incentive to stay physically in new york. will be having to follow. gerri, thank you. talk about it with bill mcgurn from the "wall street journal." bill a fox news contributor. can you imagine new york without a new york stock exchange, bill? >> i think we expand imagine it. one of the things about covid is it shows that companies can adapt, move. we have a lot more flexibility than we knew before. i don't think this is an idle threat. let me correct one thing on the revenue estimates. if the stock exchange moves there is going to be no revenue raised from it. they really need to take that into consideration. last year new jersey was talking about a financial transactions tax. there are some servers in new jersey that process different trades. i think they successfully beat back that effort because these things have a cost. and what new york is doing in
addition to the disincentives for the new york stock exchange, it is making it less attractive and more expensive place to invest. i think that is the last thing new york needs as it tries to rebound are covid. connell: thinking about the exchange itself. it's a beautiful building in lower manhattan, showed video a moment ago. that physical space, we talked about it for years, in of itself less important with electronic trading. there is debate about you know, how important the floor is but, that might make this less of an idle threat, right? you can see this type of jawboning between ceo's and legislators in the past where, they're not going to really do this? in this case, in a lot of ways the nyse has become more of a tech company and can operate, does operate by the way in a lot of other areas. operates digitally. >> right, exactly. in our world in general the
electronic revolution, digital revolution has made physicality far less important. with the new york stock exchange it was mostly new york companies and so forth. it has become more and more global and less and less bound with the physical. the more expensive it gets, the incentive, let's go to charlotte or something, some other place where they can live a lot better. they prefer not to do that. a lot of families are invested here, work for it. you don't know what the tipping point is. many governments think they can keep raising costs have no consequences. the stocks exchange is trying to warn new york, that is not true. connell: end the comment about new york in general, you think about the argument that the new york stock exchange being on corner of wall and broad, that jpmorgan had office there, john rockefeller had famous office on
26 broadway. they needed to be there. that is where american commerce was centralized and located. obviously that has been long gone. what is your broader thought where new york is coming out of this pandemic and, you know, yesterday we had a restaurant owner for example, who was relatively optimistic, saying he was. that we'll make this comeback. are you having your doubts? how do you feel? >> i have a lot of doubts because i think again there has been a cumulative effect much prices. you don't know which is the straw that breaks the camel's back. restaurants are a interesting case. one of few businesses physicality matters. you serve people who are physically there. that is what they depend on. so many other businesses found they can move. look at me, i'm sitting there at home broadcasting this. i wouldn't have thought i could have done that a few years ago without a very elaborate studio. now it is economically possible. a lot of people that i know are manhattan workers like myself who are now working, say in
new jersey or connecticut, they're realizing i can work in north carolina or florida or texas. you know, save a lot of money on taxes, cost of living. connell: right. >> i think that is something that the state has to take, take consideration of because new york is too expensive. connell: don't sell yourself short on elaborate studios. i see president bush, daughters, on bookshelf. that is pretty elaborate. bill mcgurn, thank you, sir. interesting discussion on these issues. we'll see how it plays out. we do have a warning, a warning the threat to essential workers is worse than ever before. the nation's largest food and retail union is calling for expedited access to the vaccine and more hazard pay for 1.3 million workers that vaccines are available to front line grocery workers in specific counties in just 13 states. we'll be right back.
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♪ snow. connell: days after japing key stadium, citi field for the mets opening up as vaccination site. aishah hasnie with more on the story. reporter: connell, there is good news and some bad news. hey, this is a welcome site. queens was one of the hardest hit boroughs at one point. it was the hardest hit borough in new york city. the bad news what you don't see behind me, the lines, the people, where are they? that is because citi field has only 200 doses available a day right now. that is far less than the nearly 2,000 doses a day given out at yankee stadium last week. why is that? well the reason most of the doses at yankee stadium came from the state while citi field is strictly reliant on new york city. mayor bill de blasio wants to allocate more doses here to make
this a 24/7 vaccination hub. he called for a direct supply of vaccine right from the federal government. listen. >> new york city is doing more than our fair share right now. we're vaccinating folks, new york city, vaccinating folks from the suburb. vaccinating folks around the state. we need more vaccine. i don't mind us helping other people. we need a more vaccine than we're getting. we need a direct allotment from the federal government to do our job. reporter: speaking of the federal government, governor cuomo announced two more vaccination hubs will open here in new york city. one in queens, one in brooklyn. part of a federal government program to have equitable response to the pandemic. each will have the capacity doing 3,000 vaccination as day. hopefully they will have the doses to go along with those appointments.
connell? connell: another piece of this vaccine puzzle, thank you. aishah hasnie, queens, new york. reinventing the traditional work day. we up next talk about why a company is joining the chorus of tech giants that work from home could really be here to stay. recent data revealing the fitness industry lost $15 billion in revenue so far during the pandemic. it is forcing some gyms to find new ways to lure customers back in. a remake of one classic film in the works. new line cinema is making a new adaptation of "the wizard of oz." it will be a quote, a fresh take on the original film, more than 80 years after the premier. u tr? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect
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sofi literally changed my life. when i refinanced with sofi, that allowed me to pay off aggressively and save without breaking my back or breaking the bank. ♪♪ connell: "after the bell" headlines for you today, twitter confirming to fox news the ban on former president trump's twitter account will be permanent, even if he were to run for office again in the future. the account shut down january 8th after the riot at the capitol on the 6th. target announcing it will give team members who want to receive the covid vaccine a free ride to their appointment, up to four hours of pay. two hours per dose. target saying quote a more vaccines become available for front line and team workers to help the team members get information and access they need. sales force giving workers more
freedom. the company announcing quote the 9:00 to 5:00 work day is dead. it allows employees to choose three options how they eventually return to the office if ever, and more flexibility of daily schedules. more on the workday of the future, maybe the present, jonathan hoenig joins us, fox news contributor, capitalist pig hedge fund founder member. what do you say, jonathan, 9:00 to 5:00 dead? >> this was a trend in place before the pandemic, but president it in overdrive. gone are the days you walk into a office, sea of desks everyone checking in 9:00 to 5:00. sales force, they previously had the tradition. had history of big landmark skyscraper offices but that is all changing. the goal basically to have the smallest population possible in those major offices reflect days, one to three days. a lot of sales force employees they still want some semblance of a in-person experience in
their office primarily for customer aid and meetings. this is the work space of the future. you will see more and more tech companies like microsoft adopting a this type of model, flex days where the offices were not as important as this once were. this will have a lot of follow-on effect. imagine the change to commercial office space once more and more major tech companies start to adopt this type of policy. connell: right which is very expensive obviously in big cities. this gives companies more flexibility. what about in terms of access they have to their employees? if they kill 9:00 to 5:00, is the new work day 24/7? do you have more access to people even if they're coming to the office less frequently? >> that is exactly right. that is the quiet downside to the new work model. previously you went to work, went home, basically left work at the office. with the 9:00 to 5:00 model out the door, the flex time, people
will always be accessible on their devices or computers. bosses will have more easily able to check in on their employees, demand things from their employees. there is that tradeoff. a lot of people saying they prefer work from home. what they might find out they can't get away from work, that they are working at home. bosses always have you on tap. connell: we were talking earlier about this idea whether the new york stock exchange would ever leave new york. maybe you heard the tax debate going on right now, threats that might actually happen. what about the story that we're talking about, what do you think it means for big cities like new york and of course san francisco? >> the trend of companies leaving high-taxed bureaucracies that has been in place as well, connell. that will continue. new york is really running a risk by alienating specifically the new york stock exchange and so much financial services sector already decamping for florida, texas, other locales. you will see a competition among the states here in terms of
companies and individuals, high net worth individuals taking off from the high tax, high regulation states, it is happening in new york. if new york lost the new york stock exchange what an incredible blow would be for the city and economy writ large, the northeast part of the country, connell. connell: even bigger blow. that would be one in terms of iconic nature of the stock exchange and the association but some of these other companies that are up-and-coming if they were ever to come here or have a big presence in new york, that would be a bigger blow. the advantage for new york for years had been the talent. people might not like new york for one reason or another but it did attract talent by necessity in a lot of industries. financial services one of them but a lot of industries would come to new york. are those days over or is the bounceback right around the corner what do you think? >> no, i think those days are over, connell. companies are assembling dreamcasts of talent from all over the world.
they're not just trying to attract talent from one particular city. they're able to attract talent all over the world, using zoom, using new technologies as we said that was in place before the pandemic. the pandemic has accelerated dramatically. we'll see more and more of that virtual teams, virtual networking and flex office that isn't home to one big massive room of desks anymore. that is never coming back. connell: jonathan hoenig has never been 9:00 to 5:00. he is always 24/7 guy. good to see you, my friend. >> you're welcome. connell: jonathan out of chicago. a space race meantime heating up china's 211 mission successfully reaching mars orbit today. this was nearly seven-month journey from earth, seven months. china's arrival on the red planet comes one day after the u.a.e. reached mars. how about that? a lot of mars news in one week. it comes one week before u.s. is set to land nasa's persevere
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♪. connell: plenty of pushback over the keystone pipeline issue. republicans, democrats, labor unions alike, all sounding off on president biden's decision toe cancel the pipeline. blake burman has been following this. joins us from the white house with the latest developments. blake? reporter: bipartisan indeed. there are a couple letters sent to president biden in the recent days asking him to reconsider his executive order regarding the keystone xl pipeline, the top democrat on committee. joe manchin wrote, pipe lines continue to be safest mode to transport oil and natural gas resources, this supports thousands of high paying american union jobs. 14 attorneys general, all republicans have also written the president. they are threatening potential legal actions. for example montana's attorney general write being, quote, your decision, speaking to the president, will result in devastating damage to many of our state and local communities. some workers say they are already starting to get laid
off. >> it's pretty good gut punch, you know, that kind of like a slap in the face. all you work for, what you worked towards all your life and that's your calling in life and they telling you to go get another job, try to go get green jobs. reporter: the white house continues to defend the policy. when i reached out to them this morning, connell, about these two letters, here is what a white house spokesperson said back to me, quote, the biden-harris administration proposed transformative investments in struck truck that will create good union jobs here in america, boost the economy and advance our climate, clean energy goals. connell? connell: all right. blake burman live from washington for us. to the alabama attorney general now, steve marshal, one of those 14 state attorneys general blake was referring to, thank you. for joining us. i know your group is reviewing its legal options. what are those top options? what might legal action look
like here in this case? >> connell, hopefully the president will reconsider what he has done, not cause attorneys general or industry to push back in court. we're prepared to evaluate what we can do, alleging multiple violations what we believe where the president exceeded his authority. this is about the gentleman you heard from in your report. it is about a loss of jobs for working families and impact it will have on consumers across this country. connell: where specifically might have he exceeded that authority? where do you see an opening? >> well, very specifically in the area of separation of powers. it is vested in congress to make decisions involving multinational projects like we see with the pipeline xl. we believe specifically in being able to present those allegations in the court. we can show where president biden exceeded authority granted to him as president. connell: let's talk about the jobs. as you say, they're already jobs being lost. there are probably 1000 right
away. there are reports maybe 10,000 construction jobs on top of that, just from this specific issue. what is the impact? is there an impact on your state? >> i think it is clear the impact on affordable energy here in alabama and the price of goods for consumers in our state. we see it with transportation costs, impact on agriculture and literally day-to-day the wave of this costs will be passed down to consumers for everything that we purchase and everything that we buy. connell: the administration would argue over time as blake was talking about you will see a transition to other types jobs. this is all part of a larger plan. renewable energy, so-called green jobs, those will replace any jobs that are lost, you will have more of them, what do you say? >> not putting food on table of workers like you interviewed, that are struggling to figure out what is next for them. there are no jobs specifically in the green space right now. in fact we'll build solar panels like john kerry described we'll have to send all the workers to
china because that is where they're being manufactured. there are no infrastructure jobs as a result of anything this administration has done and right now i and 14 of my colleagues are worried about the here and now. we want to make sure working families across this country are able to get high skilled, high-pay paying jobs, this president within hours taking office has hurt families across this country. connell: you know, all 14 of you guys, i believe are republicans which is interesting because this is, has developed into something of a bipartisan issue i think it is fair to say. richard trumka talked about it. other union officials express upset about this, timmons, represents a manufacturing group. his group seemed upset about it. traditionally democratic groups that represent workers are. did you talk to any of your democratic colleagues, maybe make this more bipartisan, are you all republicans? >> would we be welcome to join us this, is working family issue. one of ability of americans to get jobs appropriate for them of
these families. where you have administration right now not delivering problem is in of infrastructure, not delivering on promise of green new jobs, but instead taking away existing jobs from families working hard for many, many years. connell: some would say that, old saying would be elections have consequences right? should have seen something like this coming, you know, president biden won and he did promise to do this type of thing, make this transition and, that's it, we have to live with it. you think maybe there is more of a legal avenue? >> oh i think there is legal avenue. we look at those supporting the president specifically. many on the union side who right now are very disappointing in the actions of president, nor did he consult them or talk to those specific impacted. states like montana that will have almost 60 million-dollar loss as a result of removal of this pipeline project? this is impacting americans. it i impacting adversely. this administration needs to reconsider its actions.
connell: now, you said you hope they will and maybe they will. we'll see how it turns out. how are jobs in your area to begin with? do you see signs that we're bouncing out of this pandemic this issue? notwithstanding or are things improving? >> they are improving. we've soon great leadership from our governor kay ivey. we've seen a very resilient corporate community, found ways to over come limitations that covid placed on our manufacturing community where we've seen our budget be able to survive a very difficult period of time and we're bullishish what is going on in alabama. connell: the alabama attorney general with us, steve marshall. thank you, sir. we appreciate you coming on. important issue. a look what your future workout might look like, speaking of important issues, grady trimble what do you have coming up for us? reporter: most important. a lot of gyms still at limited capacity, connell. a lot of people still not comfortable going to the gym. so your next work out would be
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♪ ♪ connell: no gym? no problem. a chicago start-up is trying to transform the gym experience that you used to know into the form of a container. this is the latest pandemic invention, and we've centigradety trimble out -- sent grady grady trimble out today, and he joins us now i from chicago. >> reporter: i'll spare you having to watch me workout, but i'll tell you about it instead. this is two shipping containers. smack 'em together, and you don't have just two shipping containers, you have a mini gym. i'll take you inside now. and as i do that, i also want to introduce jake goldstein who is the ceo. this was kind of your idea, to
give people a way to work out during a pandemic when they want to stay away from everybody. >> absolutely. so during the pandemic, i think we saw one clear, prevailing trend, that people enjoy working out in their own space. that doesn't have to exist in your living room, it can exist in the four walls of a i didn't mean, and that's what we've created here. it is a private, modular space to work out in. >> reporter: of you have a lot of equipment in a very small space, and you mentioned people want their privacy now, but what makes you think people will like this concept once they can get back to their regular brick and mortar gyms? >> absolutely. a big thing we investigated in is -- invested in is the digital infrastructure. we have several options that people can choose from. wes patterson over here is one of our trainers, and he has a lot of great classes on screen that customers can take, and he's working out with a client right now. whether it's just making use of
the space or interacting with our digital tech, there's a lot of options. >> reporter: connell, these gyms have an air filtration system in them to keep the air clean, they also have uv lights. you can see how cold it is outside, but it's comfort bl inside. they tell me if you come here for long enough, you'll look like wes at the end of your workout. connell: yeah. he's built just like stuart varney, grady, did you notice that is? no? [laughter] >> reporter: i was thinking neil cavuto. connell: that's not nice, grady. just because neil's on another network at this time, i'm going to tell you -- would you do this? would you put this at your with house, grady? >> reporter: i don't think you put it at your house, you live near one and you visit it. certainly right now, yeah, i've invested this if home equipment, and i can't really -- i don't have a lot of space for all this stuff so, yeah, i think so. connell: pretty cool concept.
a lot of people -- there goes the lens fogging up. we'll let you go. a lot of people coming up with inventions and innovations in this pandemic. those are the winners, business wise. grady trimble out in chicago. thanks for watching us here "after the bell," and we'll see you back here at this same time tomorrow. ♪ david: and good evening, everybody. i'm david asman, and this is "fox business tonight." president joe biden today giving the appearance he's going to be tough on communist china. the president reportedly scheduling his first call with china's xi jinping as early as today, a meeting the white house will not confirm. the biden also -- biden also announced a task portion that will review the military and national security approach toward china. listen. >> we need to meet the growing challenges possed by china to keep peace and defend our